The Fair Share Report
42 Johnson Ct
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 $1,034,952 – $1,329,830, 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 $1,139,406 home should be assessed near $1,063,066.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $277,034 above what the ratio math suggests (26.1%).
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 $1.420 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%135%
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 $4,153/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 370 VALLEY VIEW AVE | 2025-01 | $911,000 | 2,544 | 50.8% |
| 490 SALEM ST. | 2025-04 | $1,720,000 | 2,552 | 87.6% |
| 366 VALLEY VIEW AVE | 2026-04 | $1,220,000 | 2,546 | 74.3% |
| 37 VERMONT DRIVE | 2025-05 | $999,999 | 2,394 | 87.3% |
| 80 COLGATE AVENUE | 2025-04 | $1,280,000 | 2,440 | 71.5% |
| 755 WALNUT STREET | 2025-04 | $975,000 | 2,368 | 95.5% |
| 45 LONGVIEW COURT | 2026-01 | $990,000 | 2,401 | 85.3% |
| 366 MC KINLEY BLVD. | 2026-02 | $1,300,000 | 2,756 | 73.9% |
| 671 DREXEL RD | 2025-05 | $1,445,000 | 2,696 | 87.1% |
| 550 WESTBROOK CT | 2025-01 | $1,200,000 | 2,586 | 86.5% |
| 191 MAYFAIR ROAD | 2025-05 | $1,111,000 | 2,464 | 83.7% |
| 684 CAMBRIDGE RD | 2025-04 | $1,105,000 | 2,646 | 85.9% |
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