The Fair Share Report
40 E Ruby Ave
Palisades Park, NJ 07650
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 $705,937 – $1,033,138, from 12 comparable Palisades Park 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 Palisades Park assessments sit below market value — republished every October, applied town-wide. A $834,926 home should be assessed near $732,147.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $278,153 above what the ratio math suggests (38.0%).
Step 4 · The tax rate — same for every Palisades Park home
$0.663 Schools · 45% $0.245 County · 17% $0.555 Town · 38%
This home's own bill implies $1.362 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Palisades Park sale · assessed ÷ market
72%149%
Paying about right
This home's ratio lands inside Palisades Park'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 |
|---|---|---|---|---|
| 19 W EDSALL AVE | 2025-04 | $850,000 | 2,030 | 60.6% |
| 10 W RUBY AVE | 2026-03 | $715,000 | 2,016 | 103.0% |
| 465 1ST ST | 2025-04 | $999,000 | 1,851 | 53.1% |
| 37 W COLUMBIA AVE | 2025-02 | $870,000 | 2,204 | 87.4% |
| 456 9TH STREET | 2026-04 | $990,000 | 1,849 | 91.3% |
| 586 WINDSOR DR | 2025-02 | $725,000 | 1,853 | 87.9% |
| 54 W COLUMBIA AVE | 2026-02 | $940,000 | 2,664 | 84.5% |
| 20 SHETLAND LANE | 2026-05 | $1,050,000 | 2,514 | 93.9% |
| 261 10TH STREET | 2026-04 | $999,000 | 2,722 | 94.5% |
| 141 E PALISADES | 2026-02 | $810,000 | 1,635 | 87.1% |
| 207 GRAND AVE | 2026-03 | $957,500 | 1,922 | 88.0% |
| 312B 7TH STREET | 2025-04 | $908,000 | 1,944 | 91.4% |
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