The Fair Share Report
45 E Walnut St
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 $799,106 – $984,926, 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 $879,939 home should be assessed near $790,625.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,575 above what the ratio math suggests (6.3%).
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%111%
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 |
|---|---|---|---|---|
| 12 CARLYLE COURT | 2025-10 | $670,000 | 2,378 | 81.0% |
| 374 FRENCH COURT | 2026-01 | $672,500 | 2,216 | 84.9% |
| 348 FRENCH COURT | 2025-12 | $660,000 | 2,216 | 81.7% |
| 346 FRENCH COURT | 2025-11 | $712,500 | 2,216 | 77.7% |
| 162 STUYVESANT RD | 2025-06 | $850,000 | 2,858 | 80.7% |
| 236 OAKDENE AVE | 2025-03 | $950,000 | 3,373 | 112.2% |
| 619 GRANT TERR | 2025-10 | $800,000 | 2,251 | 89.3% |
| 1312 HUDSON RD | 2025-04 | $750,000 | 2,780 | 112.0% |
| 264 CHURCHILL RD | 2025-06 | $973,500 | 2,879 | 86.7% |
| 1354 DICKERSON RD | 2025-07 | $1,200,000 | 2,973 | 66.3% |
| 137 JOHNSON AVE | 2025-07 | $800,000 | 2,612 | 84.9% |
| 2 LOWELL COURT | 2025-03 | $659,000 | 2,090 | 73.0% |
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