The Fair Share Report
31 E Walnut St
Teaneck, NJ 07601
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 $761,891 – $949,996, 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 $816,616 home should be assessed near $733,729.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,029 below what the ratio math suggests (6.4%).
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%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 |
|---|---|---|---|---|
| 279 GROVE ST | 2025-10 | $800,000 | 2,258 | 83.5% |
| 91 GRIGGS AVE | 2025-05 | $870,000 | 2,216 | 72.7% |
| 580 CHESTNUT AVE | 2025-02 | $775,000 | 2,123 | 80.3% |
| 116 SHERMAN AVE | 2025-12 | $750,000 | 2,182 | 84.0% |
| 1328 TAFT RD | 2025-12 | $660,000 | 2,158 | 103.1% |
| 1329 DICKERSON RD | 2026-02 | $750,000 | 2,169 | 91.7% |
| 1090 SUSSEX RD | 2025-08 | $930,000 | 2,280 | 70.1% |
| 174 MANHATTAN AVE | 2026-02 | $935,000 | 2,065 | 76.7% |
| 1103 CAMBRIDGE RD | 2025-05 | $950,000 | 2,278 | 79.9% |
| 135 JOHNSON AVE | 2025-08 | $1,040,000 | 2,393 | 79.4% |
| 136 JOHNSON AVE | 2025-09 | $855,000 | 2,048 | 69.2% |
| 940 GARRISON AVE | 2026-03 | $876,000 | 2,411 | 69.7% |
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