The Fair Share Report
188 Summit 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 $251,406 – $505,389, 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 $298,088 home should be assessed near $222,314.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,286 above what the ratio math suggests (26.7%).
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%117%
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 |
|---|---|---|---|---|
| 208 ANDERSON ST | 2026-04 | $245,000 | 800 | 65.7% |
| 208 ANDERSON ST | 2025-08 | $253,500 | 800 | 64.0% |
| 208 ANDERSON ST | 2025-06 | $290,000 | 800 | 69.1% |
| 208 ANDERSON ST | 2025-02 | $252,000 | 800 | 63.9% |
| 192 LINCOLN ST | 2025-01 | $460,000 | 858 | 66.9% |
| 300 LOOKOUT AVE | 2025-04 | $283,000 | 827 | 70.1% |
| 220 LINCOLN ST | 2025-02 | $550,000 | 862 | 52.6% |
| 369 DE WOLF PL | 2025-05 | $580,000 | 1,025 | 69.0% |
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 493 W ANDERSON ST | 2025-10 | $499,000 | 824 | 31.9% |
| 300 LOOKOUT AVE | 2025-03 | $338,000 | 769 | 57.0% |
| 90 PROSPECT AVE | 2025-07 | $285,000 | 1,004 | 73.0% |
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