The Fair Share Report
11 Shafer Pl
Hackensack, NJ 07601
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $189,403 – $250,500, from 12 comparable Hackensack 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 Hackensack assessments sit below market value — republished every October, applied town-wide. A $209,787 home should be assessed near $156,459.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,441 above what the ratio math suggests (10.5%).
Step 4 · The tax rate — same for every Hackensack home
$1.457 Schools · 45% $0.291 County · 9% $1.460 Town · 46%
Step 5 · The bill
This home vs. every recent Hackensack sale · assessed ÷ market
49%97%
Paying about right
This home's ratio lands inside Hackensack's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 9 VREELAND AVE. | 2026-05 | $235,000 | 494 | 61.5% |
| 9 VREELAND AVE. | 2025-12 | $165,000 | 494 | 87.5% |
| 303 HAMILTON PL | 2025-10 | $275,000 | 741 | 57.0% |
| 493 W ANDERSON ST | 2025-10 | $499,000 | 824 | 31.9% |
| 9 VREELAND AVE. | 2026-04 | $260,000 | 538 | 57.0% |
| 391 PARK ST | 2025-05 | $242,500 | 525 | 65.6% |
| 220 LINCOLN ST | 2025-02 | $550,000 | 862 | 52.6% |
| 301 BEECH ST | 2025-11 | $225,000 | 428 | 62.3% |
| 300 LOOKOUT AVE | 2025-09 | $285,000 | 650 | 63.7% |
| 47 CAMPBELL AVE | 2025-01 | $340,000 | 760 | 68.7% |
| 216 LINCOLN ST | 2025-02 | $515,500 | 870 | 53.6% |
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