The Fair Share Report

739 Boyd Rd

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

≈ $834,173

Likely range $762,959 – $856,720, from 12 comparable Paramus sales in the past 18 months, at this home's 1,522 sq ft.

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 $834,173 home should be assessed near $778,283.

Step 3 · Assessed value

$2,085,100

Set at the last town-wide revaluation and mostly frozen since. That's $1,306,817 above what the ratio math suggests (167.9%).

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 $1.441 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$30,050/yr
Public schools$14,213
Bergen County$4,831
Town of Paramus$11,006
Paramus average$13,058

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

Town median 89.0%
This home · 250.0%

65%279%

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 $19,589/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
218 MAYFAIR ROAD2026-05$1,885,00049.7%
76 CRAIN ROAD2025-05$920,0001,51280.0%
715 BUSH PLACE2026-03$775,0001,51291.9%
786 WYNETTA PLACE2025-04$779,0001,55451.6%
122 ARNOT PLACE2026-05$866,0001,56179.7%
247 GORDEN DRIVE2025-04$815,0001,508122.3%
598 FALMOUTH AVE2025-02$750,0001,528112.1%
817 ALDEN ROAD2025-05$855,0001,56083.8%
133 ARNOT PLACE2026-01$810,0001,43978.0%
199 REID WAY2025-02$650,0001,531106.8%
624 WEST DR2026-03$910,0001,49878.8%
165 HEBBERD AVENUE2026-02$695,0001,49295.7%

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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 →