The Fair Share Report
32 Vermont Dr
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 $835,746 – $1,222,564, 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 $1,122,723 home should be assessed near $1,047,501.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,799 above what the ratio math suggests (3.1%).
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 $1.424 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%135%
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 |
|---|---|---|---|---|
| 809 HIGHLAND AVENUE | 2025-01 | $945,000 | 2,645 | 97.6% |
| W 232 MIDLAND AVENUE | 2026-04 | $910,000 | 2,216 | 89.8% |
| 174 PARAMUS ROAD | 2026-02 | $999,999 | 2,365 | 102.5% |
| 221 FARVIEW AVENUE | 2025-03 | $879,000 | 1,802 | 92.5% |
| 354 FOREST AVE | 2025-06 | $999,999 | 2,484 | 94.5% |
| 191 MAYFAIR ROAD | 2025-05 | $1,111,000 | 2,464 | 83.7% |
| E 64 CENTURY ROAD | 2026-03 | $820,000 | 2,458 | 95.0% |
| 68 COLGATE AVENUE | 2026-04 | $1,165,000 | 2,440 | 71.7% |
| 80 COLGATE AVENUE | 2025-04 | $1,280,000 | 2,440 | 71.5% |
| 370 VALLEY VIEW AVE | 2025-01 | $911,000 | 2,544 | 50.8% |
| 366 VALLEY VIEW AVE | 2026-04 | $1,220,000 | 2,546 | 74.3% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
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