The Fair Share Report
642 Iris Ct
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 $562,391 – $732,063, 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 $622,102 home should be assessed near $558,959.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,859 below what the ratio math suggests (8.0%).
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 |
|---|---|---|---|---|
| 556 SANDRA PL | 2025-11 | $640,000 | 1,584 | 85.2% |
| 216 STUYVESANT RD | 2025-08 | $600,000 | 1,734 | 75.1% |
| 850 BROAD ST | 2026-03 | $642,000 | 1,710 | 79.4% |
| 636 TILDEN AVE | 2025-09 | $707,000 | 1,726 | 77.0% |
| 794 GEORGE ST | 2026-05 | $710,000 | 1,582 | 74.8% |
| 752 REDMOND ST | 2025-01 | $745,000 | 1,668 | 79.7% |
| 841 PRINCE ST | 2026-05 | $555,000 | 1,685 | 84.1% |
| 285 WASHINGTON ST | 2026-01 | $395,000 | 1,650 | 124.3% |
| 285 WASHINGTON ST | 2026-01 | $465,000 | 1,650 | 105.6% |
| 352 BILLINGTON RD | 2026-06 | $735,000 | 1,552 | 84.5% |
| 17 CRANFORD PL | 2025-06 | $625,000 | 1,752 | 84.8% |
| 260 HAMILTON RD | 2026-06 | $760,000 | 1,754 | 64.9% |
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