The Fair Share Report
26 E Ruby Ave
Palisades Park, NJ 07656
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,150,335 – $1,609,305, from 12 comparable Palisades Park sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Palisades Park assessments sit below market value — republished every October, applied town-wide. A $1,383,406 home should be assessed near $1,213,109.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $331,291 above what the ratio math suggests (27.3%).
Step 4 · The tax rate — same for every Palisades Park home
$0.663 Schools · 45% $0.245 County · 17% $0.555 Town · 38%
This home's own bill implies $1.354 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Palisades Park sale · assessed ÷ market
72%140%
Paying about right
This home's ratio lands inside Palisades Park's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 17A W. WASHINGTON PLACE | 2026-02 | $999,000 | 3,004 | 107.9% |
| 550 THIRD STREET | 2025-03 | $1,250,000 | 3,308 | 98.2% |
| 336 E BRINKERHOFF AVE | 2026-04 | $1,200,000 | 3,380 | 99.6% |
| 100 E HARWOOD TERR | 2026-04 | $1,700,000 | 3,088 | 80.7% |
| 523 2ND ST | 2025-03 | $1,497,000 | 3,644 | 88.1% |
| 119 E.EDSALL AVE | 2025-02 | $1,400,000 | 3,206 | 86.8% |
| 519 BROAD AVE | 2026-05 | $1,701,000 | 3,344 | 82.1% |
| 118 E BRINKERHOFF | 2025-01 | $1,450,000 | 3,654 | 90.6% |
| 533 ROFF AVE. | 2026-02 | $1,460,000 | 3,080 | 83.6% |
| 410B HILLSIDE AVENUE | 2025-03 | $1,338,000 | 2,924 | 97.5% |
| 410C HILLSIDE AVENUE | 2025-01 | $1,370,000 | 2,924 | 95.2% |
| 532A 6TH STREET | 2026-05 | $1,250,000 | 2,532 | 80.3% |
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