The Fair Share Report
331 Harrison St
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 $672,719 – $808,796, from 12 comparable Paramus sales in the past 18 months, at this home's 1,068 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 $757,632 home should be assessed near $706,871.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $910,529 above what the ratio math suggests (128.8%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%246%
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 $13,649/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% |
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 431 CEDAR AVENUE | 2026-06 | $761,000 | 1,008 | 71.6% |
| 743 BOYD RD | 2026-04 | $910,000 | 1,003 | 68.3% |
| 195 CONCORD DRIVE | 2025-04 | $610,000 | 1,068 | 70.3% |
| 132 THOMAS DRIVE | 2025-02 | $885,000 | 1,036 | 64.6% |
| 179 CLAYTON TERRACE | 2026-05 | $775,000 | 1,056 | 75.5% |
| 177 HAASE AVE. | 2026-05 | $830,000 | 1,096 | 61.8% |
| 83 BIRCHWOOD ROAD | 2026-01 | $960,000 | 1,140 | 64.3% |
| 239 BUTTONWOOD DR | 2026-03 | $725,000 | 1,022 | 92.6% |
| 20 GABRIEL COURT | 2026-04 | $999,995 | 1,586 | 106.1% |
| 14 GABRIEL COURT | 2026-03 | $999,000 | 1,586 | 106.2% |
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