The Fair Share Report
265 Drew Ave
Paramus, NJ 07652
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 $2,169,558 – $2,400,428, from 12 comparable Paramus 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 Paramus assessments sit below market value — republished every October, applied town-wide. A $2,235,868 home should be assessed near $2,086,065.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $275,535 above what the ratio math suggests (13.2%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%114%
A touch high — worth watching
This home's ratio sits above most of Paramus, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 519 GREEN VALLEY RD. | 2025-03 | $1,750,000 | — | 99.8% |
| 192 THOMAS DRIVE | 2026-04 | $2,380,000 | 4,306 | 97.2% |
| 156 STUART STREET | 2026-05 | $2,425,000 | 4,740 | 107.1% |
| 681 TERRACE DR | 2025-04 | $2,200,000 | 4,216 | 98.2% |
| 259 DREW AVENUE | 2025-05 | $2,300,000 | 4,196 | 100.3% |
| 153 GEERING TERRACE | 2025-03 | $2,350,000 | 4,850 | 97.7% |
| 241 WASHINGTON PLACE | 2025-03 | $2,100,000 | 4,235 | 96.1% |
| 275 ADDISON PL | 2025-03 | $2,000,000 | 4,132 | 112.0% |
| 391 HARRISON STREET | 2026-01 | $2,600,000 | 4,950 | 98.2% |
| 151 STUART ST | 2026-01 | $1,900,000 | 4,070 | 125.5% |
| 217 ADDISON PLACE | 2025-02 | $2,050,000 | 4,204 | 90.4% |
| 298 BUTTONWOOD DR | 2026-05 | $1,999,999 | 4,058 | 90.6% |
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