31 Prospect St

Step 1 · Market value

Likely range $872,899 – $1,040,782, 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 $927,667 home should be assessed near $865,513.

Step 3 · Assessed value

Set at the last town-wide revaluation and mostly frozen since. That's $158,187 above what the ratio math suggests (18.3%).

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 $1.371 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%123%

The evidence · comparable sales (SR1A usable-sale records)