The Fair Share Report
327 Midland Ave
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 $3,053,153 – $3,253,884, from 12 comparable Paramus sales in the past 18 months, at this home's 6,562 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 $3,162,692 home should be assessed near $2,950,792.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,066,092 below what the ratio math suggests (36.1%).
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 $1.262 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
52%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 |
|---|---|---|---|---|
| 5 SIPPORTA LANE | 2025-04 | $2,680,000 | 5,760 | 91.8% |
| 799 KEARNEY PLACE | 2025-02 | $2,700,000 | 5,602 | 91.9% |
| 229 DIANE PLACE | 2025-04 | $2,550,000 | 5,300 | 97.7% |
| 532 BURLINGTON ST. | 2025-05 | $2,590,000 | 5,250 | 98.1% |
| 391 HARRISON STREET | 2026-01 | $2,600,000 | 4,950 | 98.2% |
| 153 GEERING TERRACE | 2025-03 | $2,350,000 | 4,850 | 97.7% |
| 529 FOREST AVENUE | 2026-01 | $1,250,000 | 4,186 | 113.8% |
| 156 STUART STREET | 2026-05 | $2,425,000 | 4,740 | 107.1% |
| 286 GORDEN DR | 2025-06 | $1,740,000 | 4,019 | 99.8% |
| 755 HOLLYBROOK ROAD | 2025-04 | $1,900,000 | 4,222 | 92.2% |
| 241 WASHINGTON PLACE | 2025-03 | $2,100,000 | 4,235 | 96.1% |
| 681 TERRACE DR | 2025-04 | $2,200,000 | 4,216 | 98.2% |
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