The Fair Share Report
31 Spring Valley 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 $737,114 – $842,293, 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 $802,868 home should be assessed near $749,076.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $165,776 below what the ratio math suggests (22.1%).
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 $1.390 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
64%114%
Keep quiet and enjoy it
This home's assessment ratio sits below the Paramus pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 221 FARVIEW AVENUE | 2025-03 | $879,000 | 1,802 | 92.5% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
| 121 WESTVIEW AVENUE | 2025-03 | $550,000 | 1,256 | 103.2% |
| 106 FARVIEW AVENUE | 2025-03 | $999,000 | 1,526 | 78.9% |
| W 38 RIDGEWOOD AVE | 2026-05 | $900,000 | 2,015 | 86.1% |
| 326 SOUTH DRIVE | 2026-05 | $700,000 | 1,712 | 104.0% |
| 172 LAWSON PLACE | 2026-04 | $925,000 | 1,712 | 78.5% |
| 160 REID WAY | 2026-04 | $815,000 | 1,710 | 85.9% |
| E 244 WASHINGTON PL | 2025-02 | $710,000 | 1,753 | 233.4% |
| 245 SPRING VALLEY RD | 2025-03 | $750,000 | 1,669 | 57.1% |
| 368 ELMWOOD DR | 2026-03 | $925,000 | 1,696 | 81.0% |
| 394 BURLINGTON RD. | 2026-06 | $900,000 | 1,918 | 79.4% |
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