The Fair Share Report
498 Tether Ln
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 $824,078 – $1,121,753, 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 $932,713 home should be assessed near $870,221.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $148,879 above what the ratio math suggests (17.1%).
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 $1.423 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%129%
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 |
|---|---|---|---|---|
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| S 70 PARAMUS RD. | 2026-04 | $790,000 | 2,364 | 87.0% |
| 828 HIGHLAND AVE | 2025-01 | $825,000 | 2,282 | 110.0% |
| 46 OLIVER ROAD | 2025-04 | $865,000 | 2,408 | 102.3% |
| 209 FILIPPE COURT | 2025-05 | $1,050,000 | 2,632 | 90.8% |
| 550 WESTBROOK CT | 2025-01 | $1,200,000 | 2,586 | 86.5% |
| 11 HALCO DR | 2026-01 | $901,800 | 2,349 | 82.7% |
| 755 WALNUT STREET | 2025-04 | $975,000 | 2,368 | 95.5% |
| 265 PURDUE COURT | 2026-01 | $1,350,000 | 2,684 | 81.9% |
| 37 VERMONT DRIVE | 2025-05 | $999,999 | 2,394 | 87.3% |
| 118 SCARLET OAK LANE | 2025-02 | $918,000 | 2,308 | 100.2% |
| 16 MULBERRY COURT | 2025-02 | $975,000 | 2,308 | 94.4% |
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