The Fair Share Report
331 Lockwood Dr
Paramus, NJ 07013
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 $800,185 – $956,574, from 12 comparable Paramus sales in the past 18 months, at this home's 1,636 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 $860,520 home should be assessed near $802,865.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $305,465 below what the ratio math suggests (38.0%).
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 $2.051 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
47%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 |
|---|---|---|---|---|
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 490 WILSON AVENUE | 2026-01 | $835,000 | 1,645 | 77.2% |
| 538 COOLIDGE PLACE | 2026-04 | $760,000 | 1,626 | 88.7% |
| 149 VILLAGE CIRCLE W | 2026-02 | $840,000 | 1,657 | 75.6% |
| 296 MONTANA STREET | 2025-02 | $808,500 | 1,653 | 219.7% |
| 295 GEORGIAN DRIVE | 2026-03 | $882,000 | 1,616 | 80.7% |
| 761 CATHY ANN COURT | 2025-02 | $850,000 | 1,616 | 96.0% |
| 416 VALLEY VIEW AVE | 2025-04 | $728,888 | 1,663 | 96.3% |
| 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% |
| 223 DIANE PLACE | 2026-01 | $925,000 | 1,582 | 70.5% |
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