Real Estate & Taxes in Paramus
Median Home Price
$625,000
Property Tax Rate
2.85%
Avg. Annual Property Tax
$14,500
Assessment Information
Properties are assessed by the Borough Tax Assessor. Reassessments occur periodically; last full revaluation was completed in recent years.
Recent Trends
Paramus home prices have seen steady appreciation, driven by strong schools, retail convenience, and proximity to NYC. Demand remains high for single-family homes, particularly in the eastern sections near Ridgewood.
Neighborhood Notes
- ●Eastern Paramus near Ridgewood border is among the most desirable residential areas
- ●The Spring Valley section features larger lots and mature trees
- ●Areas near Route 4 and Route 17 are more commercial in character
- ●The Westfield Garden State Plaza area has seen mixed-use development proposals
- ●South Paramus near Van Saun Park is popular with families
Data reflects estimates as of 2024. Verify with local tax assessor.