The Fair Share Report

208 E Baldwin St

Hackettstown, NJ 07840

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.

Step 1 · Market value

≈ $426,349

Likely range $344,996 – $482,449, from 12 comparable Hackettstown sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

74.38%

The state's official measure of how far Hackettstown assessments sit below market value — republished every October, applied town-wide. A $426,349 home should be assessed near $317,118.

Step 3 · Assessed value

$242,500

Set at the last town-wide revaluation and mostly frozen since. That's $74,618 below what the ratio math suggests (23.5%).

Step 4 · The tax rate — same for every Hackettstown home

$3.477 per $100 assessed

$2.070 Schools · 60% $0.676 County · 19% $0.731 Town · 21%

Step 5 · The bill

$8,432/yr
Public schools$5,020
Warren County$1,639
Town of Hackettstown$1,773
Hackettstown average$9,665

This home vs. every recent Hackettstown sale · assessed ÷ market

Town median 58.7%
This home · 56.9%

45%91%

Paying about right

This home's ratio lands inside Hackettstown's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
309 SECOND ST2025-07$465,0001,38066.8%
425 WILLOW GROVE ST2025-05$427,1251,37249.1%
516 MONROE ST2026-05$500,0001,42850.4%
511 MONROE ST2025-09$425,0001,59668.0%
347 WILLOW GROVE ST2025-07$332,5001,37263.9%
117 CAROL DR2025-09$435,0001,40854.8%
2 LAURIE TERR2026-02$360,0001,38663.5%
109 E BALDWIN ST2026-05$495,0001,40452.5%
310 SHARP ST2025-10$395,0001,15253.3%
138 E PROSPECT ST2025-11$415,0001,52459.0%
204 CHRISTOPHER ST2025-01$205,0001,118151.3%
403 W PLANE ST2025-12$400,0001,44964.5%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →