The Fair Share Report

672 Seagull 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.

Step 1 · Market value

≈ $885,074

Likely range $812,348 – $944,372, from 12 comparable Paramus sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

93.30%

The state's official measure of how far Paramus assessments sit below market value — republished every October, applied town-wide. A $885,074 home should be assessed near $825,774.

Step 3 · Assessed value

$854,800

Set at the last town-wide revaluation and mostly frozen since. That's $29,026 above what the ratio math suggests (3.5%).

Step 4 · The tax rate — same for every Paramus home

$1.499 per $100 assessed

$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%

This home's own bill implies $1.371 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$11,721/yr
Public schools$5,544
Bergen County$1,884
Town of Paramus$4,293
Paramus average$13,058

This home vs. every recent Paramus sale · assessed ÷ market

Town median 89.0%
This home · 96.6%

65%114%

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)

AddressSoldPriceSq ftRatio
656 SEAGULL DRIVE2025-02$982,0002,20287.7%
118 SCARLET OAK LANE2025-02$918,0002,308100.2%
16 MULBERRY COURT2025-02$975,0002,30894.4%
828 HIGHLAND AVE2025-01$825,0002,282110.0%
577 FOREST AVENUE2025-05$800,0001,754102.0%
S 70 PARAMUS RD.2026-04$790,0002,36487.0%
779 DECKER PLACE2026-02$935,0001,88479.3%
206 COOMBS DRIVE2025-03$1,235,0002,55689.0%
132 WHITEPINE COURT2025-05$980,0002,600102.5%
617 ROOSEVELT BLVD2025-01$920,0002,16091.3%
335 SOUTH DRIVE2026-04$960,0002,19287.8%
81 HEMLOCK DRIVE2025-02$940,0002,09491.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →