The Fair Share Report
47 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 $705,611 – $820,540, 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 $764,924 home should be assessed near $687,284.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $92,484 below what the ratio math suggests (13.5%).
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
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 |
|---|---|---|---|---|
| 688 FOREST AVE | 2025-06 | $717,750 | 2,160 | 92.4% |
| 32 VAN ARSDALE PL | 2025-12 | $630,000 | 2,072 | 77.7% |
| 837 EASTLAWN DR | 2025-01 | $1,210,000 | 2,167 | 59.0% |
| 968 EASTLAWN DR | 2024-12 | $752,500 | 2,084 | 88.2% |
| 633 WILMERDING AVE | 2026-04 | $800,000 | 2,192 | 86.1% |
| 1615 WALDEN ST | 2025-07 | $725,000 | 2,180 | 72.4% |
| 1774 RENSSELAER RD | 2026-02 | $700,000 | 2,126 | 73.8% |
| 1382 HUDSON RD | 2025-07 | $675,000 | 2,117 | 107.6% |
| 40 PARKER LANE | 2025-09 | $745,000 | 2,088 | 81.6% |
| 80 VOORHEES ST | 2026-02 | $650,000 | 1,964 | 88.8% |
| 680 FOREST AVE | 2025-09 | $810,000 | 1,963 | 87.8% |
| 266 HAMILTON RD | 2026-03 | $675,000 | 1,951 | 79.0% |
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