The Fair Share Report

43 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.

Step 1 · Market value

≈ $875,481

Likely range $835,235 – $990,778, from 12 comparable Teaneck sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

89.85%

The state's official measure of how far Teaneck assessments sit below market value — republished every October, applied town-wide. A $875,481 home should be assessed near $786,620.

Step 3 · Assessed value

$648,500

Set at the last town-wide revaluation and mostly frozen since. That's $138,120 below what the ratio math suggests (17.6%).

Step 4 · The tax rate — same for every Teaneck home

$2.291 per $100 assessed

$1.250 Schools · 55% $0.241 County · 11% $0.800 Town · 35%

Step 5 · The bill

$14,864/yr
Public schools$8,110
Bergen County$1,564
Town of Teaneck$5,190
Teaneck average$14,378

This home vs. every recent Teaneck sale · assessed ÷ market

Town median 81.8%
This home · 74.1%

60%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)

AddressSoldPriceSq ftRatio
940 GARRISON AVE2026-03$876,0002,41169.7%
137 JOHNSON AVE2025-07$800,0002,61284.9%
135 JOHNSON AVE2025-08$1,040,0002,39379.4%
1090 SUSSEX RD2025-08$930,0002,28070.1%
685 SUNSET RD2025-10$705,0002,49087.1%
279 GROVE ST2025-10$800,0002,25883.5%
478 W ENGLEWOOD AVE2025-08$850,0002,48784.3%
91 GRIGGS AVE2025-05$870,0002,21672.7%
136 JOHNSON AVE2025-09$855,0002,04869.2%
116 SHERMAN AVE2025-12$750,0002,18284.0%
528 WYNDHAM RD2026-06$720,0002,12580.7%
26 AMSTERDAM AVE2025-08$860,0002,54474.9%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →