The Fair Share Report
124 Elm 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 $646,519 – $846,391, 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 $712,942 home should be assessed near $531,712.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,912 below what the ratio math suggests (3.6%).
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 |
|---|---|---|---|---|
| 258 CLINTON PL | 2026-06 | $790,000 | 2,025 | 60.6% |
| 168-70 CLAY ST | 2026-04 | $910,000 | 2,070 | 49.4% |
| 172 BERRY ST | 2025-05 | $625,000 | 1,943 | 51.9% |
| 89 SUSSEX ST | 2025-07 | $455,000 | 1,720 | 75.9% |
| 255 POPLAR AVE | 2025-01 | $695,000 | 2,129 | 58.0% |
| 115 FAIRMOUNT AVE | 2025-10 | $780,000 | 2,071 | 53.5% |
| 127 POPLAR AVE | 2025-11 | $708,888 | 1,944 | 56.8% |
| 294 PASSAIC ST | 2025-04 | $610,000 | 1,754 | 58.8% |
| 280 CENTRAL AVE | 2026-02 | $510,000 | 2,032 | 50.3% |
| 158 ROSS AVE | 2025-07 | $679,000 | 2,068 | 61.0% |
| 30 CLARENDON PL | 2026-04 | $960,000 | 2,270 | 45.6% |
| 165 PINE ST | 2026-02 | $875,000 | 2,118 | 56.1% |
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