The Fair Share Report
76 Iona Pl
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 $828,772 – $991,239, 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 $926,426 home should be assessed near $864,355.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,845 above what the ratio math suggests (14.0%).
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 $1.412 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%124%
A touch high — worth watching
This home's ratio sits above most of Paramus, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| W 232 MIDLAND AVENUE | 2026-04 | $910,000 | 2,216 | 89.8% |
| 174 PARAMUS ROAD | 2026-02 | $999,999 | 2,365 | 102.5% |
| W 38 RIDGEWOOD AVE | 2026-05 | $900,000 | 2,015 | 86.1% |
| 161 BROOKFIELD AVE | 2025-03 | $970,000 | 2,172 | 88.8% |
| E 167 MIDLAND AVE | 2025-04 | $470,000 | 2,112 | 166.7% |
| 302 MONTANA STREET | 2026-03 | $830,000 | 2,145 | 96.0% |
| 89 CIRCLE DRIVE | 2026-03 | $810,000 | 2,254 | 88.6% |
| 394 BURLINGTON RD. | 2026-06 | $900,000 | 1,918 | 79.4% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
| 211 DENVER RD | 2026-03 | $900,000 | 2,128 | 83.1% |
| 42 KRAMER DRIVE | 2025-04 | $1,015,000 | 2,170 | 90.0% |
| 809 HIGHLAND AVENUE | 2025-01 | $945,000 | 2,645 | 97.6% |
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