The Fair Share Report
209 Second St
Hoboken, NJ 07030
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 $347,244 – $420,868, from 12 comparable Hoboken sales in the past 18 months, at this home's 420 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Hoboken assessments sit below market value — republished every October, applied town-wide. A $367,624 home should be assessed near $214,251.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,049 above what the ratio math suggests (10.3%).
Step 4 · The tax rate — same for every Hoboken home
$0.557 Schools · 31% $0.591 County · 33% $0.657 Town · 36%
Step 5 · The bill
This home vs. every recent Hoboken sale · assessed ÷ market
41%74%
Paying about right
This home's ratio lands inside Hoboken'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 |
|---|---|---|---|---|
| 63 MADISON ST | 2025-04 | $372,000 | 425 | 50.1% |
| 513 MONROE ST | 2025-04 | $319,900 | 441 | 77.4% |
| 235 MONROE ST | 2025-09 | $365,000 | 424 | 65.7% |
| 160 SECOND ST | 2025-08 | $455,000 | 401 | 66.2% |
| 107 HARRISON ST | 2025-10 | $337,500 | 400 | 59.4% |
| 162 SECOND ST | 2025-02 | $455,000 | 399 | 62.8% |
| 410 ADAMS ST | 2026-02 | $485,000 | 484 | 52.5% |
| 108 WILLOW AVE | 2025-03 | $419,000 | 453 | 69.0% |
| 832 WASHINGTON ST | 2025-02 | $400,000 | 450 | 66.3% |
| 513 MONROE ST | 2025-06 | $285,000 | 490 | 85.1% |
| 331 GRAND ST | 2025-06 | $400,000 | 485 | 61.0% |
| 1021 GRAND ST | 2026-06 | $479,220 | 471 | 50.9% |
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