The Fair Share Report
22 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $670,558 – $823,868, 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 $688,915 home should be assessed near $618,990.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $121,290 below what the ratio math suggests (19.6%).
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
55%109%
Keep quiet and enjoy it
This home's assessment ratio sits below the Teaneck pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 535 CENTER PLACE | 2025-08 | $799,000 | 1,896 | 77.4% |
| 31 ROBINSON ST | 2025-05 | $790,000 | 2,162 | 77.7% |
| 518 HILLCREST ST | 2025-07 | $850,000 | 1,788 | 69.1% |
| 125 BOGERT ST | 2025-01 | $680,000 | 1,907 | 73.4% |
| 320 JAMES ST | 2026-02 | $620,000 | 1,766 | 78.7% |
| 604 NEW BRIDGE RD | 2025-08 | $690,000 | 1,974 | 93.0% |
| 140 JOHNSON AVE | 2025-06 | $675,000 | 1,938 | 86.6% |
| 1654 TEANECK RD | 2025-08 | $600,000 | 2,072 | 80.5% |
| 133 DEGRAW AVE | 2025-09 | $535,000 | 1,995 | 105.6% |
| 195 COLONIAL COURT | 2025-04 | $625,000 | 1,976 | 83.2% |
| 580 CHESTNUT AVE | 2025-02 | $775,000 | 2,123 | 80.3% |
| 136 JOHNSON AVE | 2025-09 | $855,000 | 2,048 | 69.2% |
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