The Fair Share Report
77 Grayson Pl
Teaneck, NJ 07601
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 $670,966 – $797,450, 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 $724,394 home should be assessed near $650,868.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,268 below what the ratio math suggests (13.9%).
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 |
|---|---|---|---|---|
| 42 GRAYSON PL | 2025-09 | $685,000 | 1,827 | 75.8% |
| 1081 LAMBERT RD | 2025-06 | $870,000 | 1,754 | 74.0% |
| 973 GARRISON AVE | 2025-08 | $749,999 | 1,734 | 69.1% |
| 898 HELEN ST | 2025-07 | $700,000 | 1,636 | 67.4% |
| 843 BELLE AVE | 2026-01 | $750,000 | 1,816 | 80.5% |
| 67 DOHRMANN AVE | 2025-01 | $701,000 | 1,814 | 76.5% |
| 649 OGDEN AVE | 2026-06 | $785,000 | 1,836 | 99.3% |
| 40 DOHRMANN AVE | 2026-03 | $657,500 | 1,640 | 81.7% |
| 1223 EMERSON AVE | 2025-08 | $910,000 | 1,880 | 73.5% |
| 732 CATALPA AVE | 2025-04 | $802,000 | 1,649 | 67.4% |
| 719 CATALPA AVE | 2025-12 | $645,000 | 1,648 | 75.3% |
| 88 LINDBERGH BLVD | 2025-08 | $615,000 | 1,796 | 97.4% |
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