 In the wake of the revaluation implemented in 2007, a wave of tax appeals hit the township, resulting in a loss of about $110 million in ratables and costs to the township of $2.2 million for the 2012 tax year.The township agreed to complete a revaluation by October 2014 that would go into effect in 2015, awarding a $710,000 contract to perform the necessary home visits and determine property values.The Teaneck Public Schools had a Budgetary Per Pupil Cost of $18,417 in its 2012–13 budget, 26.8% higher than the average of $14,519 budgeted that year by districts in the same grouping of grades and enrollment, ranked as the 101st highest among the 106 K–12 districts in the state with more than 3,500 students.