The Fair Share Report
52 Heather Ln
Paramus, NJ 07470
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Paramus's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $745,145 – $1,072,659, 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 $891,341 home should be assessed near $831,621.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,921 below what the ratio math suggests (13.3%).
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 $1.422 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
62%114%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 779 DECKER PLACE | 2026-02 | $935,000 | 1,884 | 79.3% |
| 780 HILTON PLACE | 2026-04 | $855,000 | 1,864 | 86.6% |
| 482 TULANE COURT | 2026-06 | $800,000 | 1,972 | 95.4% |
| 482 TULANE COURT | 2026-04 | $625,000 | 1,972 | 122.2% |
| 155 TRUMAN TERRACE | 2025-03 | $810,000 | 1,908 | 171.4% |
| 206 HARWOOD PLACE | 2026-04 | $1,300,000 | 1,930 | 62.7% |
| 172 LAWSON PLACE | 2026-04 | $925,000 | 1,712 | 78.5% |
| 111 CRAIN ROAD | 2026-03 | $1,125,000 | 1,882 | 74.8% |
| 538 COOLIDGE PLACE | 2026-04 | $760,000 | 1,626 | 88.7% |
| 672 RUTGERS PLACE | 2025-06 | $825,000 | 2,000 | 152.9% |
| 703 BANCROFT PLACE | 2026-04 | $701,000 | 1,808 | 108.2% |
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