The Fair Share Report
647 Ter Dr
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 $1,396,964 – $1,929,409, 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 $1,489,932 home should be assessed near $1,390,107.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $190,793 above what the ratio math suggests (13.7%).
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 $1.434 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%119%
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 |
|---|---|---|---|---|
| 461 ARTHUR TERRACE | 2026-05 | $1,650,000 | 3,500 | 79.9% |
| 602 MILL RUN | 2026-04 | $1,500,000 | 3,515 | 80.2% |
| 304 BLAUVELT COURT | 2026-04 | $1,900,000 | 3,836 | 74.4% |
| 418 BAILEY ROAD | 2025-03 | $1,514,000 | 2,856 | 79.4% |
| 43 FERNDALE ROAD | 2025-04 | $1,950,000 | 3,200 | 86.9% |
| 114 WHITEPINE COURT | 2026-02 | $1,065,000 | 2,882 | 94.3% |
| 309 CARDINAL PLACE | 2025-03 | $1,313,000 | 3,758 | 102.5% |
| 349 BULLARD AVE. | 2025-02 | $1,600,000 | 2,731 | 82.2% |
| 162 SPLIT ROCK ROAD | 2026-01 | $1,240,000 | 2,816 | 88.7% |
| 307 IDAHO STREET | 2025-02 | $1,445,000 | 3,216 | 106.2% |
| 133 MORRISTOWN PLACE | 2026-03 | $1,390,000 | 3,112 | 70.2% |
| 360 VALLEY VIEW AVE | 2026-04 | $1,435,000 | 3,424 | 73.6% |
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