The Fair Share Report
577 Forest Ave
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 $740,966 – $956,633, from 12 comparable Paramus sales in the past 18 months, at this home's 1,754 sq ft.
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 $819,828 home should be assessed near $764,900.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,100 above what the ratio math suggests (6.7%).
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 $1.420 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%116%
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 |
|---|---|---|---|---|
| 538 COOLIDGE PLACE | 2026-04 | $760,000 | 1,626 | 88.7% |
| 20 GABRIEL COURT | 2026-04 | $999,995 | 1,586 | 106.1% |
| 14 GABRIEL COURT | 2026-03 | $999,000 | 1,586 | 106.2% |
| 12 GABRIEL COURT | 2026-02 | $1,040,000 | 1,586 | 102.0% |
| 172 LAWSON PLACE | 2026-04 | $925,000 | 1,712 | 78.5% |
| 118 SCARLET OAK LANE | 2025-02 | $918,000 | 2,308 | 100.2% |
| 16 MULBERRY COURT | 2025-02 | $975,000 | 2,308 | 94.4% |
| 656 SEAGULL DRIVE | 2025-02 | $982,000 | 2,202 | 87.7% |
| 779 DECKER PLACE | 2026-02 | $935,000 | 1,884 | 79.3% |
| 368 ELMWOOD DR | 2026-03 | $925,000 | 1,696 | 81.0% |
| 828 HIGHLAND AVE | 2025-01 | $825,000 | 2,282 | 110.0% |
| E 244 WASHINGTON PL | 2025-02 | $710,000 | 1,753 | 233.4% |
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