The Fair Share Report
451 Arthur Ter
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 $825,632 – $954,562, 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 $873,352 home should be assessed near $814,837.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,163 above what the ratio math suggests (17.6%).
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 $1.408 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%121%
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 $2,146/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 81 HEMLOCK DRIVE | 2025-02 | $940,000 | 2,094 | 91.4% |
| 833 KOMAN DRIVE | 2026-05 | $1,050,000 | 2,129 | 80.6% |
| 42 KRAMER DRIVE | 2025-04 | $1,015,000 | 2,170 | 90.0% |
| 129 VILLAGE CIRCLE W | 2025-04 | $825,000 | 2,077 | 90.8% |
| 366 FOREST AVE | 2026-02 | $860,000 | 2,236 | 94.8% |
| 211 DENVER RD | 2026-03 | $900,000 | 2,128 | 83.1% |
| 276 TAFT CT | 2025-01 | $880,000 | 2,118 | 93.3% |
| 672 RUTGERS PLACE | 2025-06 | $825,000 | 2,000 | 152.9% |
| 617 ROOSEVELT BLVD | 2025-01 | $920,000 | 2,160 | 91.3% |
| 302 MONTANA STREET | 2026-03 | $830,000 | 2,145 | 96.0% |
| E 167 MIDLAND AVE | 2025-04 | $470,000 | 2,112 | 166.7% |
| 482 TULANE COURT | 2026-06 | $800,000 | 1,972 | 95.4% |
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