The Fair Share Report

75 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.

Step 1 · Market value

≈ $560,378

Likely range $513,859 – $701,382, from 12 comparable Teaneck sales in the past 18 months (home size estimated from assessor data — range widened).

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 $560,378 home should be assessed near $503,500.

Step 3 · Assessed value

$391,100

Set at the last town-wide revaluation and mostly frozen since. That's $112,400 below what the ratio math suggests (22.3%).

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

$8,964/yr
Public schools$4,891
Bergen County$943
Town of Teaneck$3,130
Teaneck average$14,378

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

Town median 81.8%
This home · 69.8%

50%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)

AddressSoldPriceSq ftRatio
290 QUEEN ANNE RD2025-03$415,0001,467111.2%
42 E FOREST AVE2025-03$560,0001,48186.2%
73 FAIRVIEW AVE2026-05$690,0001,44064.8%
209 PARK AVE2026-01$520,0001,42888.3%
554 HILLCREST ST2025-05$670,0001,57180.1%
152 WASHINGTON PL2026-01$460,0001,50885.9%
1272 E LAURELTON PKY2025-05$645,0001,44488.4%
516 ORITANI PLACE2025-05$525,0001,40182.5%
215 LARCH AVE2025-02$524,0001,47692.0%
483 CUMBERLAND AVE2025-07$688,5001,54481.4%
518 HILLCREST ST2025-07$850,0001,78869.1%
49 FRANKLIN RD2025-09$610,0001,32374.0%

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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 →