The Fair Share Report
856 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 $820,124 – $1,049,772, 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 $924,107 home should be assessed near $862,192.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,308 above what the ratio math suggests (4.9%).
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%116%
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 |
|---|---|---|---|---|
| W 232 MIDLAND AVENUE | 2026-04 | $910,000 | 2,216 | 89.8% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
| E 167 MIDLAND AVE | 2025-04 | $470,000 | 2,112 | 166.7% |
| 174 PARAMUS ROAD | 2026-02 | $999,999 | 2,365 | 102.5% |
| 394 BURLINGTON RD. | 2026-06 | $900,000 | 1,918 | 79.4% |
| 89 CIRCLE DRIVE | 2026-03 | $810,000 | 2,254 | 88.6% |
| 809 HIGHLAND AVENUE | 2025-01 | $945,000 | 2,645 | 97.6% |
| 211 DENVER RD | 2026-03 | $900,000 | 2,128 | 83.1% |
| 42 KRAMER DRIVE | 2025-04 | $1,015,000 | 2,170 | 90.0% |
| W 38 RIDGEWOOD AVE | 2026-05 | $900,000 | 2,015 | 86.1% |
| 335 SOUTH DRIVE | 2026-04 | $960,000 | 2,192 | 87.8% |
| 221 FARVIEW AVENUE | 2025-03 | $879,000 | 1,802 | 92.5% |
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