The Fair Share Report

196 E Forest 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.

Step 1 · Market value

≈ $739,057

Likely range $665,192 – $811,159, from 12 comparable Teaneck sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

89.85%

The state's official measure of how far Teaneck assessments sit below market value — republished every October, applied town-wide. A $739,057 home should be assessed near $664,043.

Step 3 · Assessed value

$541,200

Set at the last town-wide revaluation and mostly frozen since. That's $122,843 below what the ratio math suggests (18.5%).

Step 4 · The tax rate — same for every Teaneck home

$2.291 per $100 assessed

$1.250 Schools · 55% $0.241 County · 11% $0.800 Town · 35%

Step 5 · The bill

$12,404/yr
Public schools$6,768
Bergen County$1,305
Town of Teaneck$4,331
Teaneck average$14,378

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

Town median 81.8%
This home · 73.2%

61%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)

AddressSoldPriceSq ftRatio
528 WYNDHAM RD2026-06$720,0002,12580.7%
136 JOHNSON AVE2025-09$855,0002,04869.2%
982 QUEEN ANNE RD2025-11$636,0002,11089.0%
133 DEGRAW AVE2025-09$535,0001,995105.6%
116 SHERMAN AVE2025-12$750,0002,18284.0%
1090 SUSSEX RD2025-08$930,0002,28070.1%
258 GRAYSON PL2025-11$752,0002,12478.6%
91 GRIGGS AVE2025-05$870,0002,21672.7%
140 JOHNSON AVE2025-06$675,0001,93886.6%
1040 WARREN PARKWAY2025-01$785,0002,08875.7%
279 GROVE ST2025-10$800,0002,25883.5%
766 SALEM ST2026-04$720,0002,07881.5%

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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 →