The Fair Share Report
340 Ellen Pl
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 $1,197,355 – $1,753,412, from 12 comparable Paramus 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 Paramus assessments sit below market value — republished every October, applied town-wide. A $1,493,201 home should be assessed near $1,393,157.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $310,743 above what the ratio math suggests (22.3%).
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 $1.465 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
65%148%
Paying about right
This home's ratio lands inside Paramus'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 |
|---|---|---|---|---|
| 298 GORDEN DRIVE | 2025-01 | $1,725,000 | 3,560 | 96.6% |
| 58 BENTON ROAD | 2025-04 | $1,755,000 | 3,388 | 92.2% |
| 67 KNOLLWOOD DR. | 2025-04 | $1,120,000 | 3,136 | 89.0% |
| 23 HALCO DRIVE | 2026-01 | $1,525,000 | 3,224 | 88.2% |
| 238 ADDISON PLACE | 2025-02 | $1,030,000 | 3,068 | 92.3% |
| 316 SPENCER PLACE | 2025-01 | $940,000 | 2,997 | 143.5% |
| 605 CRAIG AVENUE | 2026-02 | $1,200,000 | 2,824 | 80.4% |
| E 322 MIDLAND AVE. | 2026-02 | $1,270,000 | 3,100 | 68.3% |
| 360 VALLEY VIEW AVE | 2026-04 | $1,435,000 | 3,424 | 73.6% |
| 684 CAMBRIDGE RD | 2025-04 | $1,105,000 | 2,646 | 85.9% |
| 645 CAMBRIDGE RD | 2026-04 | $1,330,000 | 4,722 | 88.0% |
| 602 MILL RUN | 2026-04 | $1,500,000 | 3,515 | 80.2% |
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