The Fair Share Report
32A E Ruby Ave
Palisades Park, NJ 07650
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 $1,171,715 – $1,338,010, from 12 comparable Palisades Park 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 Palisades Park assessments sit below market value — republished every October, applied town-wide. A $1,284,614 home should be assessed near $1,126,478.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,322 above what the ratio math suggests (4.0%).
Step 4 · The tax rate — same for every Palisades Park home
$0.663 Schools · 45% $0.245 County · 17% $0.555 Town · 38%
This home's own bill implies $1.331 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Palisades Park sale · assessed ÷ market
72%108%
Paying about right
This home's ratio lands inside Palisades Park'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 |
|---|---|---|---|---|
| 532A 6TH STREET | 2026-05 | $1,250,000 | 2,532 | 80.3% |
| 17A W. WASHINGTON PLACE | 2026-02 | $999,000 | 3,004 | 107.9% |
| 50B W. HOMESTEAD AVENUE | 2025-02 | $1,130,000 | 2,528 | 99.5% |
| 50A W. HOMESTEAD AVENUE | 2025-02 | $1,120,000 | 2,528 | 100.4% |
| 463B 8TH STREET | 2026-05 | $1,220,000 | 2,456 | 87.3% |
| 135B ABBOTT AVENUE | 2026-01 | $1,085,000 | 2,248 | 85.3% |
| 514A LINCOLN STREET | 2025-01 | $1,175,000 | 2,266 | 84.7% |
| 333A HIGHLAND AVENUE | 2026-02 | $1,180,000 | 2,324 | 84.1% |
| 256C 7TH STREET | 2026-04 | $1,310,000 | 2,448 | 97.8% |
| 410B HILLSIDE AVENUE | 2025-03 | $1,338,000 | 2,924 | 97.5% |
| 410C HILLSIDE AVENUE | 2025-01 | $1,370,000 | 2,924 | 95.2% |
| 209C EIGHTH STREET | 2026-05 | $999,999 | 2,114 | 88.8% |
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