The Fair Share Report
175 Lees Ave
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 $459,542 – $781,642, 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 $649,006 home should be assessed near $583,132.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,868 above what the ratio math suggests (0.7%).
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%133%
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 |
|---|---|---|---|---|
| 219 SHEPARD AVE | 2025-04 | $702,000 | 1,600 | 70.7% |
| 616 RIVER RD | 2026-01 | $601,200 | 1,784 | 89.8% |
| 32 VANDELINDA AVE | 2025-06 | $769,000 | 1,782 | 83.5% |
| 875 GREENWOOD RD | 2025-04 | $835,000 | 1,820 | 70.4% |
| 4 WHITMAN COURT | 2025-11 | $535,000 | 1,934 | 80.5% |
| 86 HOWLAND AVE | 2025-08 | $580,000 | 1,653 | 94.5% |
| 263 QUEENS COURT | 2025-07 | $475,000 | 1,786 | 134.6% |
| 641 PALISADE AVE | 2025-05 | $575,000 | 1,783 | 104.8% |
| 589 ALBIN ST | 2025-09 | $790,000 | 1,807 | 83.9% |
| 1135 TUXEDO SQ | 2025-05 | $660,000 | 1,728 | 74.0% |
| 59 GENESEE AVE | 2025-03 | $750,000 | 1,636 | 62.3% |
| 1405 RIVER RD | 2025-02 | $685,000 | 1,846 | 92.0% |
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