The Fair Share Report
620 Iris Ct
Teaneck, NJ 07666
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Teaneck's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $578,625 – $690,950, from 12 comparable Teaneck sales in the past 18 months, at this home's 1,415 sq ft.
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 $628,302 home should be assessed near $564,529.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,629 below what the ratio math suggests (9.3%).
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%109%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 116 WASHINGTON PL | 2025-10 | $530,000 | 1,440 | 63.2% |
| 167 WALNUT ST | 2026-01 | $515,000 | 1,497 | 92.5% |
| 155 LIBERTY RD | 2025-11 | $599,000 | 1,402 | 73.0% |
| 1345 SOMERSET RD | 2025-06 | $833,000 | 1,434 | 83.5% |
| 80 HOWLAND AVE | 2025-01 | $615,000 | 1,425 | 72.2% |
| 7 E WALNUT ST | 2025-01 | $640,000 | 1,492 | 82.6% |
| 364 BILLINGTON RD | 2026-03 | $610,000 | 1,331 | 91.0% |
| 556 SANDRA PL | 2025-11 | $640,000 | 1,584 | 85.2% |
| 97 PROSPECT TERR | 2025-02 | $638,000 | 1,408 | 71.5% |
| 92 ENGLEWOOD AVE | 2025-01 | $595,000 | 1,340 | 68.1% |
| 757 BAYARD ST | 2025-08 | $665,000 | 1,460 | 73.1% |
| 55 HAMILTON RD | 2026-06 | $665,000 | 1,360 | 68.4% |
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