The Fair Share Report
487 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 $765,057 – $924,366, 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 $852,598 home should be assessed near $795,474.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $183,874 below what the ratio math suggests (23.1%).
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 $1.401 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
61%114%
Keep quiet and enjoy it
This home's assessment ratio sits below the Paramus pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 331 LOCKWOOD DRIVE | 2025-05 | $850,000 | 1,636 | 58.5% |
| 296 MONTANA STREET | 2025-02 | $808,500 | 1,653 | 219.7% |
| 149 VILLAGE CIRCLE W | 2026-02 | $840,000 | 1,657 | 75.6% |
| 490 WILSON AVENUE | 2026-01 | $835,000 | 1,645 | 77.2% |
| 295 GEORGIAN DRIVE | 2026-03 | $882,000 | 1,616 | 80.7% |
| 331 ELLEN PLACE | 2026-01 | $880,000 | 1,580 | 85.8% |
| 761 CATHY ANN COURT | 2025-02 | $850,000 | 1,616 | 96.0% |
| 326 SOUTH DRIVE | 2026-05 | $700,000 | 1,712 | 104.0% |
| 223 DIANE PLACE | 2026-01 | $925,000 | 1,582 | 70.5% |
| 416 VALLEY VIEW AVE | 2025-04 | $728,888 | 1,663 | 96.3% |
| 817 ALDEN ROAD | 2025-05 | $855,000 | 1,560 | 83.8% |
| 245 SPRING VALLEY RD | 2025-03 | $750,000 | 1,669 | 57.1% |
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