The Fair Share Report

793 Pascack 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

≈ $899,068

Likely range $735,862 – $1,002,311, 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 $899,068 home should be assessed near $838,830.

Step 3 · Assessed value

$679,600

Set at the last town-wide revaluation and mostly frozen since. That's $159,230 below what the ratio math suggests (19.0%).

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 $1.407 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,559/yr
Public schools$4,521
Bergen County$1,537
Town of Paramus$3,501
Paramus average$13,058

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

Town median 89.0%
This home · 75.6%

62%114%

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

AddressSoldPriceSq ftRatio
81 ALDEN ROAD2025-04$901,0001,86580.6%
718 LAFAYETTE ST.2025-01$960,0001,87694.5%
111 CRAIN ROAD2026-03$1,125,0001,88274.8%
127 VILLAGE CIRCLE E2026-04$1,058,0001,94563.3%
206 HARWOOD PLACE2026-04$1,300,0001,93062.7%
703 BANCROFT PLACE2026-04$701,0001,808108.2%
230 BOGERT PLACE2025-06$950,0001,80082.4%
780 HILTON PLACE2026-04$855,0001,86486.6%
196 MIDWOOD ROAD2025-05$915,0001,784112.1%
155 TRUMAN TERRACE2025-03$810,0001,908171.4%
46 KNOLLWOOD DRIVE2026-05$803,0001,76682.9%
326 SOUTH DRIVE2026-05$700,0001,712104.0%

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