The Fair Share Report
817 Arbor 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 $774,952 – $1,061,264, from 12 comparable Paramus sales in the past 18 months, at this home's 1,951 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 $825,141 home should be assessed near $769,857.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,129,843 above what the ratio math suggests (146.8%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%251%
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 $16,936/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 206 HARWOOD PLACE | 2026-04 | $1,300,000 | 1,930 | 62.7% |
| 127 VILLAGE CIRCLE E | 2026-04 | $1,058,000 | 1,945 | 63.3% |
| 81 ALDEN ROAD | 2025-04 | $901,000 | 1,865 | 80.6% |
| 129 VILLAGE CIRCLE W | 2025-04 | $825,000 | 2,077 | 90.8% |
| 111 CRAIN ROAD | 2026-03 | $1,125,000 | 1,882 | 74.8% |
| 672 RUTGERS PLACE | 2025-06 | $825,000 | 2,000 | 152.9% |
| 482 TULANE COURT | 2026-06 | $800,000 | 1,972 | 95.4% |
| 482 TULANE COURT | 2026-04 | $625,000 | 1,972 | 122.2% |
| 211 DENVER RD | 2026-03 | $900,000 | 2,128 | 83.1% |
| 302 MONTANA STREET | 2026-03 | $830,000 | 2,145 | 96.0% |
| 230 BOGERT PLACE | 2025-06 | $950,000 | 1,800 | 82.4% |
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