The Fair Share Report
347 Ross Rd
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 $674,784 – $817,026, from 12 comparable Paramus sales in the past 18 months, at this home's 1,338 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 $746,331 home should be assessed near $696,327.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $418,373 above what the ratio math suggests (60.1%).
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 $1.417 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%171%
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 $6,271/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 197 FREDRICK STREET | 2025-06 | $850,000 | 1,386 | 74.4% |
| 217 CONCORD DRIVE | 2026-02 | $700,000 | 1,388 | 88.2% |
| 210 DENVER ROAD | 2025-05 | $850,000 | 1,392 | 81.5% |
| 85 OLIVER ROAD | 2026-04 | $815,000 | 1,352 | 82.1% |
| 590 BIRCHWOOD ROAD | 2026-03 | $850,000 | 1,246 | 73.2% |
| 682 SYCAMORE ST | 2025-01 | $732,000 | 1,210 | 93.6% |
| 133 ARNOT PLACE | 2026-01 | $810,000 | 1,439 | 78.0% |
| 190 DENVER RD | 2025-05 | $830,000 | 1,488 | 102.2% |
| 165 HEBBERD AVENUE | 2026-02 | $695,000 | 1,492 | 95.7% |
| 673 CAMBRIDGE RD. | 2025-04 | $800,000 | 1,440 | 95.0% |
| 4 SCHUBERT LANE | 2026-05 | $999,000 | 1,202 | 66.6% |
| 247 GORDEN DRIVE | 2025-04 | $815,000 | 1,508 | 122.3% |
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