The Fair Share Report
338 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 $824,469 – $936,463, 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 $841,675 home should be assessed near $738,065.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,035 above what the ratio math suggests (5.2%).
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 $1.314 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 |
|---|---|---|---|---|
| 15B E. RUBY AVENUE | 2025-03 | $940,000 | 1,832 | 88.6% |
| 343B E. HARRIET AVENUE | 2026-04 | $980,000 | 1,860 | 87.6% |
| 36A E. RUBY AVENUE | 2026-03 | $840,000 | 1,820 | 105.5% |
| 312B 7TH STREET | 2025-04 | $908,000 | 1,944 | 91.4% |
| 217A 11TH STREET | 2025-04 | $845,000 | 1,830 | 95.0% |
| 301A E. EDSALL BLVD. | 2025-03 | $846,500 | 1,764 | 88.4% |
| 215B ROFF AVENUE | 2025-03 | $825,000 | 1,880 | 99.9% |
| 800 12TH ST., UNIT 1019 | 2026-03 | $730,000 | 1,621 | 96.8% |
| 106A E. CENTRAL BLVD. | 2025-01 | $780,000 | 1,700 | 98.1% |
| 309B ROFF AVENUE | 2025-03 | $1,060,000 | 2,082 | 86.1% |
| 528A ROFF AVENUE | 2026-02 | $895,000 | 1,948 | 95.2% |
| 586 WINDSOR DR | 2025-02 | $725,000 | 1,853 | 87.9% |
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