The Fair Share Report
188 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 $436,088 – $607,761, 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 $524,453 home should be assessed near $391,137.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,937 below what the ratio math suggests (1.3%).
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%94%
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 |
|---|---|---|---|---|
| 378 LOOKOUT AVE | 2025-12 | $580,000 | 1,486 | 58.3% |
| 42 LONGVIEW AVE | 2026-05 | $605,000 | 1,440 | 57.1% |
| 105 ALLEN ST | 2026-02 | $600,000 | 1,238 | 65.8% |
| 140 EUCLID AVE. | 2025-12 | $352,000 | 1,170 | 72.4% |
| 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% |
| 163 KENT ST | 2026-01 | $555,000 | 1,536 | 64.7% |
| 62 FREDERICK ST | 2026-05 | $589,000 | 1,227 | 50.8% |
| 248 PARKER AVE | 2025-04 | $575,000 | 1,387 | 52.8% |
| 78 HERMAN ST | 2025-08 | $325,000 | 1,480 | 105.4% |
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