The Fair Share Report
414 Terhune 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 $1,242,388 – $1,838,046, 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 $1,503,584 home should be assessed near $1,402,844.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,444 below what the ratio math suggests (8.2%).
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 $1.440 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%114%
Paying about right
This home's ratio lands inside Paramus'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 |
|---|---|---|---|---|
| 2 SKYE DRIVE | 2026-05 | $1,500,000 | 2,930 | 79.5% |
| 20 SKYE DRIVE | 2025-01 | $1,100,000 | 2,930 | 108.5% |
| 623 ALBERTA DR | 2026-05 | $1,999,995 | 3,118 | 96.7% |
| 43 FERNDALE ROAD | 2025-04 | $1,950,000 | 3,200 | 86.9% |
| 307 IDAHO STREET | 2025-02 | $1,445,000 | 3,216 | 106.2% |
| 519 GREEN VALLEY RD. | 2025-03 | $1,750,000 | — | 99.8% |
| 114 WHITEPINE COURT | 2026-02 | $1,065,000 | 2,882 | 94.3% |
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 349 BULLARD AVE. | 2025-02 | $1,600,000 | 2,731 | 82.2% |
| 418 BAILEY ROAD | 2025-03 | $1,514,000 | 2,856 | 79.4% |
| 495 WILSON AVENUE | 2026-06 | $1,975,000 | 3,552 | 86.0% |
| 187 BROOKFIELD AVE | 2026-03 | $2,200,000 | 3,546 | 96.8% |
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