The Fair Share Report
125 Prospect 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 $285,000 – $364,900, from 12 comparable Hackensack sales in the past 18 months.
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 $338,000 home should be assessed near $252,080.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,561,920 above what the ratio math suggests (9347.0%).
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%8361%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (85.77%) — roughly $755,866/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 20 JEFFERSON ST. | 2025-03 | $288,000 | 770 | 70.8% |
| 300 LOOKOUT AVE | 2025-09 | $285,000 | 650 | 63.7% |
| 300 LOOKOUT AVE | 2025-04 | $283,000 | 827 | 70.1% |
| 300 LOOKOUT AVE | 2025-03 | $338,000 | 769 | 57.0% |
| 20 JEFFERSON ST. | 2026-03 | $283,900 | 680 | 63.2% |
| 140 EUCLID AVE. | 2026-04 | $320,000 | 960 | 65.7% |
| 140 EUCLID AVE. | 2025-12 | $352,000 | 1,170 | 72.4% |
| 140 EUCLID AVE. | 2025-12 | $315,000 | 960 | 66.7% |
| 140 EUCLID AVE. | 2025-12 | $364,900 | 1,170 | 64.4% |
| 140 EUCLID AVE. | 2025-08 | $431,000 | 1,170 | 59.2% |
| 140 EUCLID AVE. | 2025-07 | $435,000 | 1,170 | 58.6% |
| 140 EUCLID AVE. | 2025-02 | $430,000 | 1,170 | 61.9% |
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