The Fair Share Report

504 Maple 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

≈ $500,870

Likely range $433,500 – $593,455, from 12 comparable Teaneck sales in the past 18 months, at this home's 1,224 sq ft.

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 $500,870 home should be assessed near $450,032.

Step 3 · Assessed value

$480,300

Set at the last town-wide revaluation and mostly frozen since. That's $30,268 above what the ratio math suggests (6.7%).

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

$11,008/yr
Public schools$6,006
Bergen County$1,158
Town of Teaneck$3,844
Teaneck average$14,378

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

Town median 81.8%
This home · 95.9%

64%116%

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
631 MARTENSE AVE2025-11$500,0001,22495.2%
423 SAGAMORE AVE2024-12$554,0001,23883.4%
580 MAPLE AVE2026-03$340,0001,272124.0%
995 GRACE TERR2026-02$560,0001,15576.7%
384 SAGAMORE AVE2025-04$385,0001,233111.0%
657 MARTENSE AVE2026-05$525,0001,29888.6%
1154 SUMMIT AVE2025-09$645,0001,25166.4%
605 BEVERLY RD2025-01$405,0001,123121.3%
188 WALNUT ST2025-12$612,0001,24475.5%
1676 IRENE CT2025-06$425,0001,20087.3%
1087 CONGRESS AVE2025-08$556,0001,24065.0%
600 MARTENSE AVE2026-02$500,0001,03282.4%

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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 →