The Fair Share Report
23 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 $542,748 – $770,843, 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 $662,842 home should be assessed near $595,564.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,764 below what the ratio math suggests (16.9%).
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
59%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 |
|---|---|---|---|---|
| 194 ELM AVE | 2025-10 | $655,000 | 1,754 | 93.5% |
| 308 WOODBINE ST | 2025-10 | $360,000 | 1,650 | 112.8% |
| 125 BOGERT ST | 2025-01 | $680,000 | 1,907 | 73.4% |
| 77 OAKDENE AVE | 2026-06 | $805,000 | 1,779 | 76.7% |
| 708 LINDEN AVE | 2025-12 | $555,000 | 1,797 | 102.8% |
| 320 JAMES ST | 2026-02 | $620,000 | 1,766 | 78.7% |
| 1174 ARLINGTON AVE | 2025-04 | $566,000 | 1,800 | 91.3% |
| 518 HILLCREST ST | 2025-07 | $850,000 | 1,788 | 69.1% |
| 553 RIVER RD | 2025-06 | $750,000 | 1,863 | 74.6% |
| 388 EDGEWOOD AVE | 2026-03 | $800,000 | 1,680 | 87.9% |
| 394 MORNINGSIDE TERR | 2025-11 | $640,000 | 1,612 | 92.8% |
| 486 WYNDHAM RD | 2025-06 | $655,000 | 1,764 | 87.9% |
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