The Fair Share Report
268 Cornell Rd
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 $936,656 – $1,314,831, 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 $1,190,719 home should be assessed near $1,110,941.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,159 above what the ratio math suggests (5.9%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
This home's own bill implies $1.422 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%131%
Paying about right
This home's ratio lands inside Paramus'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 |
|---|---|---|---|---|
| 366 VALLEY VIEW AVE | 2026-04 | $1,220,000 | 2,546 | 74.3% |
| 490 SALEM ST. | 2025-04 | $1,720,000 | 2,552 | 87.6% |
| 370 VALLEY VIEW AVE | 2025-01 | $911,000 | 2,544 | 50.8% |
| 671 DREXEL RD | 2025-05 | $1,445,000 | 2,696 | 87.1% |
| 550 WESTBROOK CT | 2025-01 | $1,200,000 | 2,586 | 86.5% |
| 354 FOREST AVE | 2025-06 | $999,999 | 2,484 | 94.5% |
| 266 SETON HALL DR | 2025-05 | $950,000 | 2,612 | 125.0% |
| 408 CHELSEA ST | 2026-05 | $1,255,000 | 2,602 | 73.9% |
| 408 CHELSEA ST | 2025-04 | $999,995 | 2,602 | 92.7% |
| 209 FILIPPE COURT | 2025-05 | $1,050,000 | 2,632 | 90.8% |
| 46 OLIVER ROAD | 2025-04 | $865,000 | 2,408 | 102.3% |
| 37 VERMONT DRIVE | 2025-05 | $999,999 | 2,394 | 87.3% |
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