The Fair Share Report
227 Herman St
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 $443,819 – $587,965, 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 $536,900 home should be assessed near $400,420.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,380 above what the ratio math suggests (2.6%).
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%98%
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 |
|---|---|---|---|---|
| 136 ELM AVE | 2025-01 | $460,000 | 1,604 | 87.9% |
| 378 LOOKOUT AVE | 2025-12 | $580,000 | 1,486 | 58.3% |
| 431 BLANCHARD TERR | 2026-06 | $670,000 | 1,644 | 61.8% |
| 150 GRAND AVE | 2026-05 | $542,700 | 1,497 | 55.3% |
| 150 GRAND AVE. | 2025-07 | $520,000 | 1,497 | 65.6% |
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 163 KENT ST | 2026-01 | $555,000 | 1,536 | 64.7% |
| 262 SPRING VALLEY AVE. | 2026-05 | $680,000 | 1,250 | 50.2% |
| 42 LONGVIEW AVE | 2026-05 | $605,000 | 1,440 | 57.1% |
| 90 PROSPECT AVE | 2025-04 | $430,000 | 1,704 | 52.8% |
| 140 EUCLID AVE. | 2025-12 | $352,000 | 1,170 | 72.4% |
| 140 EUCLID AVE. | 2025-12 | $364,900 | 1,170 | 64.4% |
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