The Fair Share Report
151 Gray St
Teaneck, NJ 07666
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 $589,467 – $697,415, from 12 comparable Teaneck 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 Teaneck assessments sit below market value — republished every October, applied town-wide. A $647,477 home should be assessed near $581,758.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,258 below what the ratio math suggests (10.4%).
Step 4 · The tax rate — same for every Teaneck home
$1.250 Schools · 55% $0.241 County · 11% $0.800 Town · 35%
Step 5 · The bill
This home vs. every recent Teaneck sale · assessed ÷ market
64%109%
Paying about right
This home's ratio lands inside Teaneck'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 |
|---|---|---|---|---|
| 732 RUTLAND AVE | 2025-12 | $620,000 | 1,606 | 110.9% |
| 898 HELEN ST | 2025-07 | $700,000 | 1,636 | 67.4% |
| 692 CHESTNUT AVE | 2025-03 | $560,000 | 1,594 | 91.0% |
| 173 GRAYSON PL | 2026-02 | $575,000 | 1,518 | 86.6% |
| 973 GARRISON AVE | 2025-08 | $749,999 | 1,734 | 69.1% |
| 140 BLAUVELT ST | 2025-09 | $598,750 | 1,620 | 80.5% |
| 192 KINGS COURT | 2026-05 | $450,000 | 1,650 | 77.2% |
| 40 DOHRMANN AVE | 2026-03 | $657,500 | 1,640 | 81.7% |
| 341 VAN BUREN AVE | 2026-01 | $670,000 | 1,644 | 80.9% |
| 7 OAK ST | 2025-02 | $660,000 | 1,616 | 81.9% |
| 1109 SUSSEX RD | 2025-06 | $705,000 | 1,597 | 90.6% |
| 703 LINDEN AVE | 2026-05 | $689,000 | 1,652 | 73.0% |
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