The Fair Share Report
522 Otto Pl
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 $937,808 – $1,129,935, 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 $1,024,223 home should be assessed near $955,600.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $138,800 above what the ratio math suggests (14.5%).
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 $1.424 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%122%
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 |
|---|---|---|---|---|
| 191 MAYFAIR ROAD | 2025-05 | $1,111,000 | 2,464 | 83.7% |
| 217 SWEET BRIAR PLACE | 2026-06 | $950,000 | 2,400 | 86.2% |
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 161 BROOKFIELD AVE | 2025-03 | $970,000 | 2,172 | 88.8% |
| E 322 MIDLAND AVE. | 2026-02 | $1,270,000 | 3,100 | 68.3% |
| 89 CIRCLE DRIVE | 2026-03 | $810,000 | 2,254 | 88.6% |
| 45 LONGVIEW COURT | 2026-01 | $990,000 | 2,401 | 85.3% |
| 684 CAMBRIDGE RD | 2025-04 | $1,105,000 | 2,646 | 85.9% |
| 80 COLGATE AVENUE | 2025-04 | $1,280,000 | 2,440 | 71.5% |
| E 64 CENTURY ROAD | 2026-03 | $820,000 | 2,458 | 95.0% |
| 11 HALCO DR | 2026-01 | $901,800 | 2,349 | 82.7% |
| 605 CRAIG AVENUE | 2026-02 | $1,200,000 | 2,824 | 80.4% |
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