The Fair Share Report
85 Buff Rd
Tenafly, NJ 07670
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.
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Step 1 · Market value
Likely range $1,173,411 – $1,838,139, from 12 comparable Tenafly 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 Tenafly assessments sit below market value — republished every October, applied town-wide. A $1,368,237 home should be assessed near $879,092.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $172,592 below what the ratio math suggests (19.6%).
Step 4 · The tax rate — same for every Tenafly home
$1.924 Schools · 65% $0.332 County · 11% $0.716 Town · 24%
Step 5 · The bill
This home vs. every recent Tenafly sale · assessed ÷ market
33%79%
Paying about right
This home's ratio lands inside Tenafly'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 |
|---|---|---|---|---|
| 54 WINDSOR RD | 2025-04 | $999,900 | 2,550 | 33.4% |
| 151 THATCHER RD | 2025-02 | $1,400,000 | 2,721 | 55.0% |
| 21 HOWARD PARK DR | 2025-01 | $1,700,000 | 2,633 | 34.4% |
| 72 DOWNEY DR | 2025-12 | $999,000 | 2,939 | 79.0% |
| 157 DOWNEY DR | 2025-10 | $1,450,000 | 2,802 | 58.4% |
| 5 N SUMMIT ST | 2025-03 | $1,435,000 | 2,880 | 55.4% |
| 57 RICHARD ST | 2025-06 | $1,100,000 | 2,432 | 52.5% |
| 48 WINDSOR RD | 2025-12 | $1,957,000 | 2,957 | 43.1% |
| 24 KNOLL RD | 2025-03 | $1,645,000 | 2,908 | 61.2% |
| 7 S PARK DR | 2025-05 | $2,000,000 | 2,496 | 40.0% |
| 8 HOWARD PARK DR | 2026-03 | $2,060,000 | 2,772 | 40.3% |
| 162 ELM ST | 2026-01 | $1,550,000 | 2,134 | 39.9% |
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