The Fair Share Report
868 Ester Ave
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.
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 $525,991 – $683,132, 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 $609,271 home should be assessed near $547,430.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,030 below what the ratio math suggests (12.1%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 439 SAGAMORE AVE | 2025-02 | $680,000 | 1,503 | 77.9% |
| 1019 HADDON PL | 2025-10 | $470,000 | 1,509 | 98.9% |
| 1095 LAMBERT RD | 2025-01 | $695,000 | 1,467 | 88.7% |
| 101 WALNUT ST | 2025-08 | $670,000 | 1,514 | 70.7% |
| 40 STUYVESANT RD | 2026-04 | $615,000 | 1,536 | 72.1% |
| 543 SAGAMORE AVE | 2026-01 | $660,000 | 1,464 | 83.4% |
| 173 GRAYSON PL | 2026-02 | $575,000 | 1,518 | 86.6% |
| 652 TILDEN AVE | 2025-04 | $615,000 | 1,503 | 79.3% |
| 1470 GAYLORD TERR | 2025-04 | $400,000 | 1,443 | 104.7% |
| 780 HARTWELL ST | 2025-05 | $615,000 | 1,496 | 75.5% |
| 536 SAGAMORE AVE | 2025-12 | $510,000 | 1,454 | 98.8% |
| 87 GRAYSON PL | 2026-04 | $650,000 | 1,428 | 76.2% |
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