The Fair Share Report

92 Benton 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.

Step 1 · Market value

≈ $806,034

Likely range $743,016 – $832,278, from 12 comparable Paramus sales in the past 18 months, at this home's 1,320 sq ft.

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 $806,034 home should be assessed near $752,030.

Step 3 · Assessed value

$2,076,000

Set at the last town-wide revaluation and mostly frozen since. That's $1,323,970 above what the ratio math suggests (176.1%).

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%

Step 5 · The bill

$34,173/yr
Public schools$16,163
Bergen County$5,494
Town of Paramus$12,516
Paramus average$13,058

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

Town median 89.0%
This home · 257.6%

65%285%

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 $19,846/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
519 GREEN VALLEY RD.2025-03$1,750,00099.8%
20 GABRIEL COURT2026-04$999,9951,586106.1%
14 GABRIEL COURT2026-03$999,0001,586106.2%
12 GABRIEL COURT2026-02$1,040,0001,586102.0%
85 OLIVER ROAD2026-04$815,0001,35282.1%
406 TERHUNE AVENUE2025-04$746,0001,26080.0%
197 FREDRICK STREET2025-06$850,0001,38674.4%
121 WESTVIEW AVENUE2025-03$550,0001,256103.2%
217 CONCORD DRIVE2026-02$700,0001,38888.2%
210 DENVER ROAD2025-05$850,0001,39281.5%
590 BIRCHWOOD ROAD2026-03$850,0001,24673.2%
236 WOODCREST RD2025-03$830,0001,222107.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →