The Fair Share Report
37 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 $744,909 – $1,052,632, 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 $845,266 home should be assessed near $788,633.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $282,033 below what the ratio math suggests (35.8%).
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 $1.328 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
43%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 |
|---|---|---|---|---|
| 221 FARVIEW AVENUE | 2025-03 | $879,000 | 1,802 | 92.5% |
| 121 WESTVIEW AVENUE | 2025-03 | $550,000 | 1,256 | 103.2% |
| 106 FARVIEW AVENUE | 2025-03 | $999,000 | 1,526 | 78.9% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
| 295 GEORGIAN DRIVE | 2026-03 | $882,000 | 1,616 | 80.7% |
| 761 CATHY ANN COURT | 2025-02 | $850,000 | 1,616 | 96.0% |
| 538 COOLIDGE PLACE | 2026-04 | $760,000 | 1,626 | 88.7% |
| 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% |
| 331 ELLEN PLACE | 2026-01 | $880,000 | 1,580 | 85.8% |
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