 The 2013 tax rate was set at $2.486 per $100 of assessed value (an overall increase of 3.7% from 2012), which is composed of school taxes of $1.365 (up almost 3.3%), municipal taxes of $0.871 (an increase of 5.8%), a library tax of $.031 (down 3.1%) and county taxes of $0.206 (down 0.5%), plus a municipal open space tax of $0.010 and a county open space tax of $0.003 (both unchanged).The owner of a median-valued home in Teaneck, assessed at $465,300, paid 2011 property taxes of $11,190, which would include $6,244 in school taxes, $3,992 in municipal taxes and $949 to the county (including open space levies).During 2006, Teaneck underwent a revaluation of all privately owned real estate, as required periodically by the state.