The Fair Share Report
368 Farview Ave
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 $1,196,302 – $1,538,373, 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 $1,433,326 home should be assessed near $1,337,293.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $234,107 above what the ratio math suggests (17.5%).
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 $1.433 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%137%
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 $3,509/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 133 MORRISTOWN PLACE | 2026-03 | $1,390,000 | 3,112 | 70.2% |
| 360 VALLEY VIEW AVE | 2026-04 | $1,435,000 | 3,424 | 73.6% |
| 101 GLEN AVENUE | 2026-03 | $1,100,000 | 2,841 | 88.1% |
| 23 HALCO DRIVE | 2026-01 | $1,525,000 | 3,224 | 88.2% |
| 265 PURDUE COURT | 2026-01 | $1,350,000 | 2,684 | 81.9% |
| 114 WHITEPINE COURT | 2026-02 | $1,065,000 | 2,882 | 94.3% |
| 209 FILIPPE COURT | 2025-05 | $1,050,000 | 2,632 | 90.8% |
| 16 COLUMBINE ROAD | 2026-02 | $1,560,000 | 4,150 | 87.0% |
| 43 FERNDALE ROAD | 2025-04 | $1,950,000 | 3,200 | 86.9% |
| 461 ARTHUR TERRACE | 2026-05 | $1,650,000 | 3,500 | 79.9% |
| 550 WESTBROOK CT | 2025-01 | $1,200,000 | 2,586 | 86.5% |
| 671 DREXEL RD | 2025-05 | $1,445,000 | 2,696 | 87.1% |
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