The Fair Share Report
66 Ferndale Rd
Paramus, NJ 07652
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 $1,858,180 – $2,190,512, from 12 comparable Paramus sales in the past 18 months, at this home's 3,839 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 $2,104,827 home should be assessed near $1,963,804.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $442,604 below what the ratio math suggests (22.5%).
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 $1.429 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
64%114%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 252 GORDEN DR | 2025-05 | $2,125,000 | 3,864 | 96.9% |
| 295 HAYWOOD DR | 2025-04 | $2,200,000 | 3,857 | 98.3% |
| 716 NUGENT ST | 2026-05 | $1,296,780 | 3,692 | 131.6% |
| 158 LAWRENCE DR | 2025-04 | $2,200,000 | 3,789 | 97.8% |
| 488 WILSON AVENUE | 2025-03 | $2,150,000 | 3,768 | 97.5% |
| 424 RIDGEWOOD AVE | 2025-02 | $2,050,000 | 3,739 | 97.3% |
| 415 BAILEY ROAD | 2026-02 | $1,760,000 | 3,928 | 121.0% |
| 260 VIRGINIA COURT | 2025-05 | $2,160,000 | 3,723 | 97.2% |
| 121 CIRCLE DRIVE | 2026-03 | $2,150,000 | 3,928 | 103.4% |
| 336 LOCKWOOD DRIVE | 2025-04 | $2,225,000 | 3,686 | 98.3% |
| 298 BUTTONWOOD DR | 2026-05 | $1,999,999 | 4,058 | 90.6% |
| 151 STUART ST | 2026-01 | $1,900,000 | 4,070 | 125.5% |
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