The Fair Share Report
372 Forest 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 $1,386,591 – $2,369,802, 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 $2,025,557 home should be assessed near $1,889,845.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $460,155 above what the ratio math suggests (24.3%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%175%
A touch high — worth watching
This home's ratio sits above most of Paramus, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 645 CAMBRIDGE RD | 2026-04 | $1,330,000 | 4,722 | 88.0% |
| 58 BENTON ROAD | 2025-04 | $1,755,000 | 3,388 | 92.2% |
| 16 COLUMBINE ROAD | 2026-02 | $1,560,000 | 4,150 | 87.0% |
| 44 FORSYTHIA LANE | 2026-04 | $1,600,000 | 4,480 | 71.2% |
| 67 KNOLLWOOD DR. | 2025-04 | $1,120,000 | 3,136 | 89.0% |
| 156 STUART STREET | 2026-05 | $2,425,000 | 4,740 | 107.1% |
| 241 WASHINGTON PLACE | 2025-03 | $2,100,000 | 4,235 | 96.1% |
| 755 HOLLYBROOK ROAD | 2025-04 | $1,900,000 | 4,222 | 92.2% |
| 681 TERRACE DR | 2025-04 | $2,200,000 | 4,216 | 98.2% |
| 238 ADDISON PLACE | 2025-02 | $1,030,000 | 3,068 | 92.3% |
| 259 DREW AVENUE | 2025-05 | $2,300,000 | 4,196 | 100.3% |
| 529 FOREST AVENUE | 2026-01 | $1,250,000 | 4,186 | 113.8% |
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