507 Cedar Ln

Step 1 · Market value

Likely range $744,195 – $937,681, 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 $841,094 home should be assessed near $784,741.

Step 3 · Assessed value

Set at the last town-wide revaluation and mostly frozen since. That's $66,541 below 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%

This home's own bill implies $1.397 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%114%

The evidence · comparable sales (SR1A usable-sale records)