The Fair Share Report
93 Glen Ave
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.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (100.00%) — roughly $3,316/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $935,956 – $1,141,198, 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 $993,155 home should be assessed near $926,614.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $221,186 above what the ratio math suggests (23.9%).
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 $1.416 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%128%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 191 MAYFAIR ROAD | 2025-05 | $1,111,000 | 2,464 | 83.7% |
| E 64 CENTURY ROAD | 2026-03 | $820,000 | 2,458 | 95.0% |
| 45 LONGVIEW COURT | 2026-01 | $990,000 | 2,401 | 85.3% |
| 217 SWEET BRIAR PLACE | 2026-06 | $950,000 | 2,400 | 86.2% |
| 68 COLGATE AVENUE | 2026-04 | $1,165,000 | 2,440 | 71.7% |
| 80 COLGATE AVENUE | 2025-04 | $1,280,000 | 2,440 | 71.5% |
| 684 CAMBRIDGE RD | 2025-04 | $1,105,000 | 2,646 | 85.9% |
| 11 HALCO DR | 2026-01 | $901,800 | 2,349 | 82.7% |
| 408 CHELSEA ST | 2026-05 | $1,255,000 | 2,602 | 73.9% |
| 408 CHELSEA ST | 2025-04 | $999,995 | 2,602 | 92.7% |
| 354 FOREST AVE | 2025-06 | $999,999 | 2,484 | 94.5% |
| 266 SETON HALL DR | 2025-05 | $950,000 | 2,612 | 125.0% |
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