The Fair Share Report
32 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 $475,430 – $640,525, 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 $537,656 home should be assessed near $483,084.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $147,484 below what the ratio math suggests (30.5%).
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
47%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 |
|---|---|---|---|---|
| 184 WALNUT ST | 2025-01 | $420,000 | 1,294 | 98.1% |
| 218 FORT LEE RD | 2025-05 | $645,000 | 1,342 | 77.0% |
| 188 WALNUT ST | 2025-12 | $612,000 | 1,244 | 75.5% |
| 58 HILLSIDE AVE | 2026-02 | $588,000 | 1,291 | 88.2% |
| 516 ORITANI PLACE | 2025-05 | $525,000 | 1,401 | 82.5% |
| 1157 KATHERINE ST | 2025-01 | $599,000 | 1,264 | 74.5% |
| 539 KENWOOD PLACE | 2025-07 | $675,000 | 1,388 | 75.2% |
| 163 PARK AVE | 2025-11 | $560,000 | 1,394 | 87.5% |
| 62 SELVAGE AVE | 2025-06 | $600,000 | 1,222 | 62.0% |
| 62 SELVAGE AVE | 2025-03 | $416,500 | 1,222 | 89.4% |
| 657 MARTENSE AVE | 2026-05 | $525,000 | 1,298 | 88.6% |
| 114 HILLSIDE AVE | 2025-08 | $500,000 | 1,213 | 91.7% |
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