The Fair Share Report
488 Wilson 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 $1,857,072 – $2,186,108, from 12 comparable Paramus sales in the past 18 months, at this home's 3,768 sq ft.
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 $2,072,205 home should be assessed near $1,933,367.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $163,933 above what the ratio math suggests (8.5%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%118%
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 |
|---|---|---|---|---|
| 158 LAWRENCE DR | 2025-04 | $2,200,000 | 3,789 | 97.8% |
| 424 RIDGEWOOD AVE | 2025-02 | $2,050,000 | 3,739 | 97.3% |
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 336 LOCKWOOD DRIVE | 2025-04 | $2,225,000 | 3,686 | 98.3% |
| 260 VIRGINIA COURT | 2025-05 | $2,160,000 | 3,723 | 97.2% |
| 295 HAYWOOD DR | 2025-04 | $2,200,000 | 3,857 | 98.3% |
| 519 GREEN VALLEY RD. | 2025-03 | $1,750,000 | — | 99.8% |
| 415 BAILEY ROAD | 2026-02 | $1,760,000 | 3,928 | 121.0% |
| 716 NUGENT ST | 2026-05 | $1,296,780 | 3,692 | 131.6% |
| 121 CIRCLE DRIVE | 2026-03 | $2,150,000 | 3,928 | 103.4% |
| 252 GORDEN DR | 2025-05 | $2,125,000 | 3,864 | 96.9% |
| 495 WILSON AVENUE | 2026-06 | $1,975,000 | 3,552 | 86.0% |
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