The Fair Share Report
527 Paramus Rd
Paramus, NJ 07458
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 $912,125 – $1,227,738, 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 $1,038,011 home should be assessed near $968,464.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $415,036 above what the ratio math suggests (42.9%).
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 $1.407 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%157%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $6,221/yr at stake. NJ appeals are generally due April 1.
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% |
| 80 COLGATE AVENUE | 2025-04 | $1,280,000 | 2,440 | 71.5% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
| 370 VALLEY VIEW AVE | 2025-01 | $911,000 | 2,544 | 50.8% |
| 366 VALLEY VIEW AVE | 2026-04 | $1,220,000 | 2,546 | 74.3% |
| 490 SALEM ST. | 2025-04 | $1,720,000 | 2,552 | 87.6% |
| 206 COOMBS DRIVE | 2025-03 | $1,235,000 | 2,556 | 89.0% |
| W 193 MIDLAND AVE | 2025-02 | $1,080,000 | 3,130 | 90.3% |
| 45 LONGVIEW COURT | 2026-01 | $990,000 | 2,401 | 85.3% |
| 217 SWEET BRIAR PLACE | 2026-06 | $950,000 | 2,400 | 86.2% |
| 37 VERMONT DRIVE | 2025-05 | $999,999 | 2,394 | 87.3% |
| 550 WESTBROOK CT | 2025-01 | $1,200,000 | 2,586 | 86.5% |
Is this your house?
Run your own report →