The Fair Share Report
123 Fairmount Ave
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 $433,211 – $615,592, 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 $575,789 home should be assessed near $429,423.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,223 below what the ratio math suggests (14.7%).
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%91%
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 |
|---|---|---|---|---|
| 178 FAIRMOUNT AVE | 2025-11 | $584,000 | 1,248 | 60.4% |
| 189 HERMAN ST | 2025-10 | $705,000 | 1,408 | 54.3% |
| 303 HAMILTON PL | 2025-07 | $416,100 | 1,096 | 48.0% |
| 140 WILSON ST | 2025-12 | $615,000 | 1,168 | 56.5% |
| 119 POPLAR AVE | 2025-06 | $465,000 | 1,363 | 73.9% |
| 262 SPRING VALLEY AVE. | 2026-05 | $680,000 | 1,250 | 50.2% |
| 321-323 SIMONS AVE | 2025-11 | $518,972 | 1,268 | 67.0% |
| 306 MARY ST | 2026-04 | $615,000 | 1,254 | 58.4% |
| 55 ROWLAND AVE | 2025-09 | $599,900 | 1,254 | 54.5% |
| 325 SIMONS AVE | 2025-02 | $535,000 | 1,128 | 64.1% |
| 378 MARVIN AVE | 2025-05 | $510,000 | 1,152 | 124.3% |
| 99 TROAST ST | 2025-10 | $630,000 | 1,312 | 58.8% |
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