The Fair Share Report
85 Cherry Ln
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.
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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 $823,621 – $1,070,295, 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 $848,981 home should be assessed near $762,809.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,391 above what the ratio math suggests (13.3%).
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%110%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 65 MERRISON ST | 2026-05 | $799,000 | 2,302 | 87.8% |
| 756 QUEEN ANNE RD | 2026-01 | $800,000 | 2,311 | 97.5% |
| 654 SUFFERN RD | 2026-03 | $700,000 | 2,462 | 91.6% |
| 129 COPLEY AVE | 2025-10 | $825,000 | — | 41.2% |
| 27 JOHNSON AVE | 2025-10 | $929,900 | 2,183 | 78.7% |
| 349 EDGEWOOD AVE | 2025-07 | $1,180,000 | 2,524 | 75.9% |
| 161 CHERRY LANE | 2025-05 | $816,000 | 2,507 | 85.0% |
| 747 MILDRED ST | 2025-10 | $1,259,000 | 2,829 | 73.6% |
| 700 CARROLL PL | 2025-10 | $1,285,000 | 2,526 | 74.6% |
| 632 TEANECK RD | 2025-08 | $755,000 | 2,380 | 92.6% |
| 1 GRANGE CT | 2026-04 | $1,060,000 | 2,755 | 86.0% |
| 21 OAKDENE AVE | 2025-06 | $925,000 | 2,394 | 70.8% |
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