| Assessor: 1998 Report |
General Information of Assessor Department
For 1999, Teaneck has a total of 11,708 taxable real properties with an aggregate assessable value of $2,565,134,500. This represents a net increase of $1,571,700 over the aggregate assessable value of real property for 1998. With the addition of taxable business property, the net valuation taxable was $2,571,210,314 for 1999. This represents a decrease of $255,991 relative to the 1998 net valuation taxable.
The following breakdown by property class was observed for real property in 1999:
| Property Type | # of Parcels | % of T # | % of Ass'd Value |
| 1-4 Family Residential | 11,118 | 94.96 | 84.11 |
| Commercial | 382 | 3.6 | 10.94 |
| Industrial | 17 | 0.15 | 0.98 |
| Apartments | 55 | 0.47 | 3.51 |
| Vacant Land | 136 | 1.16 | 0.46 |
| Totals | 11,708 | 100.00% | 100.00% |
In addition to taxable real properties, Teaneck has a total of 329 exempt properties which includes schools, municipal properties, church, synagogue and charitable properties, and hospitals.
During 1998 there was a total of 216 appeals filed with the Bergen County Board of Taxation. Reductions totaling $3,390,000 in assessed value were granted through hearings and stipulations. Petitions for appeal must be received by the Bergen Count Board of Taxation on or before April 1. Tax appeal hearings are scheduled by the County Board of Taxation during the summer months following receipt of petition.
The state constitution authorizes an annual property tax deduction from the property taxes levied on a dwelling house owned and occupied by a qualified senior citizen, a person less than 65 who is permanently and totally disabled, or a person who is the surviving spouse of a qualified senior or disabled person. In order to qualify, persons must be residents of the State of New Jersey, reside in the property for which the deduction is claimed, and have an income not exceeding $ 10,000 annually, excluding social security or a comparable governmental retirement or disability program not to exceed the equivalency under social security. The State constitution also provides for a tax deduction for qualified veterans and/or their surviving spouse. To qualify, the veteran must have served during a designated time of war as follows and have received an honorable discharge.
| Operation Desert Shield/Storm | August 2, 1990 - Ongoing |
| Panama Peacekeeping Mission | Dec. 20, 1989 - Jan. 31, 1990 |
| Lebanon Peacekeeping Mission | Sept. 26, 1982 - Dec. 1, 1987 |
| Grenada Peacekeeping Mission | Oct. 23, 1983 - Nov. 21, 1983 |
| Vietnam Conflict | Dec. 31, 1960 - May 7, 1975 |
| Korean Conflict | June 23, 1950 - Jan. 21, 1955 |
| World War II | Sept. 16, 1940 - Dec. 31, 1946 |
| World War I | April 6, 1917 - Nov. 11, 1918 |
| Note: Peacekeeping Missions require actual service in a combat zone for a total of 14 days, unless a service injury was received in a combat zone. | |
These Constitutional authorizations are administered by the assessor. For those individuals who feel they may qualify, the assessor should be contacted for the necessary forms.
During 1998 legislation was passed to authorize a freeze in property taxes for qualified senior citizens. This program is administered by the State Division of Taxation who should be contacted at 1-800-882-6597 for an application or additional information.
General Information of Assessor Department
Assessor: James R.
Tighe
Phone: 837-4846
Hours: 9:00 AM to 5:00 PM
8:30 AM to 4.30 PM July and August
The Office of Assessment Administration is responsible for taxation in conformity with existing statutes and regulations. The office prepares all assessment rolls as required by law. Exemptions and partial exemptions such as qualified veterans or their widowed spouses, qualifying senior citizens, synagogues and certain schools are administered by this office.