The Fair Share Report
29 Buff Rd
Tenafly, NJ 07670
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.
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Step 1 · Market value
Likely range $913,495 – $1,460,352, from 12 comparable Tenafly 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 Tenafly assessments sit below market value — republished every October, applied town-wide. A $1,132,500 home should be assessed near $727,631.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $179,331 below what the ratio math suggests (24.6%).
Step 4 · The tax rate — same for every Tenafly home
$1.924 Schools · 65% $0.332 County · 11% $0.716 Town · 24%
Step 5 · The bill
This home vs. every recent Tenafly sale · assessed ÷ market
32%79%
Paying about right
This home's ratio lands inside Tenafly'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 |
|---|---|---|---|---|
| 162 ELM ST | 2026-01 | $1,550,000 | 2,134 | 39.9% |
| 41 CYPRESS ST | 2025-09 | $1,598,000 | 2,182 | 48.1% |
| 23 BENJAMIN RD | 2025-10 | $1,100,000 | 2,148 | 51.9% |
| 33 CLOVER ST | 2026-06 | $735,000 | 2,072 | 75.5% |
| 40 S PARK DR | 2025-12 | $1,250,000 | 2,085 | 59.0% |
| 170 HICKORY AVE | 2026-03 | $1,295,000 | 1,964 | 54.4% |
| 368 KNICKERBOCKER RD | 2025-07 | $830,000 | 2,010 | 63.1% |
| 28 LOUISE LN | 2025-10 | $1,520,000 | 2,301 | 41.7% |
| 105 SUSSEX RD | 2025-07 | $1,200,000 | 2,240 | 36.3% |
| 35 COLUMBUS DR | 2026-04 | $1,200,000 | 2,100 | 46.0% |
| 57 RICHARD ST | 2025-06 | $1,100,000 | 2,432 | 52.5% |
| 65 DAY AVE | 2025-08 | $1,050,000 | 1,969 | 51.1% |
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