The Fair Share Report
801 Pascack 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $995,463 – $1,302,014, from 12 comparable Paramus sales in the past 18 months, at this home's 2,737 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 $1,143,003 home should be assessed near $1,066,422.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $134,222 below what the ratio math suggests (12.6%).
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 $1.417 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%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 809 HIGHLAND AVENUE | 2025-01 | $945,000 | 2,645 | 97.6% |
| W 193 MIDLAND AVE | 2025-02 | $1,080,000 | 3,130 | 90.3% |
| E 322 MIDLAND AVE. | 2026-02 | $1,270,000 | 3,100 | 68.3% |
| 605 CRAIG AVENUE | 2026-02 | $1,200,000 | 2,824 | 80.4% |
| 408 CHELSEA ST | 2026-05 | $1,255,000 | 2,602 | 73.9% |
| 408 CHELSEA ST | 2025-04 | $999,995 | 2,602 | 92.7% |
| W 232 MIDLAND AVENUE | 2026-04 | $910,000 | 2,216 | 89.8% |
| 266 SETON HALL DR | 2025-05 | $950,000 | 2,612 | 125.0% |
| 684 CAMBRIDGE RD | 2025-04 | $1,105,000 | 2,646 | 85.9% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
| 349 BULLARD AVE. | 2025-02 | $1,600,000 | 2,731 | 82.2% |
| 366 MC KINLEY BLVD. | 2026-02 | $1,300,000 | 2,756 | 73.9% |
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