The Fair Share Report
313 Budd 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 $826,454 – $1,141,354, from 12 comparable Paramus sales in the past 18 months, at this home's 1,812 sq ft.
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 $927,249 home should be assessed near $865,123.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,095,077 above what the ratio math suggests (126.6%).
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 $1.439 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%243%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $16,415/yr at stake. NJ appeals are generally due April 1.
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% |
| 20 GABRIEL COURT | 2026-04 | $999,995 | 1,586 | 106.1% |
| 14 GABRIEL COURT | 2026-03 | $999,000 | 1,586 | 106.2% |
| 12 GABRIEL COURT | 2026-02 | $1,040,000 | 1,586 | 102.0% |
| 577 FOREST AVENUE | 2025-05 | $800,000 | 1,754 | 102.0% |
| 703 BANCROFT PLACE | 2026-04 | $701,000 | 1,808 | 108.2% |
| 221 FARVIEW AVENUE | 2025-03 | $879,000 | 1,802 | 92.5% |
| 230 BOGERT PLACE | 2025-06 | $950,000 | 1,800 | 82.4% |
| 196 MIDWOOD ROAD | 2025-05 | $915,000 | 1,784 | 112.1% |
| 46 KNOLLWOOD DRIVE | 2026-05 | $803,000 | 1,766 | 82.9% |
| 780 HILTON PLACE | 2026-04 | $855,000 | 1,864 | 86.6% |
| 81 ALDEN ROAD | 2025-04 | $901,000 | 1,865 | 80.6% |
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