The Fair Share Report
242 First 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 $411,074 – $532,172, from 12 comparable Hackensack sales in the past 18 months, at this home's 1,225 sq ft.
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 $465,075 home should be assessed near $346,853.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $183,253 below what the ratio math suggests (52.8%).
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
25%91%
Keep quiet and enjoy it
This home's assessment ratio sits below the Hackensack pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 31 VANDERBECK PL | 2025-08 | $540,000 | 1,460 | 62.2% |
| 159 BERDAN PL | 2025-09 | $310,000 | 1,081 | 74.1% |
| 303 HAMILTON PL | 2025-07 | $416,100 | 1,096 | 48.0% |
| 388 PARKER AVE | 2025-02 | $583,000 | 1,342 | 74.3% |
| 34 EMERALD ST | 2025-01 | $400,000 | 1,461 | 80.5% |
| 177 HIGH ST | 2025-09 | $510,000 | 1,520 | 62.2% |
| 88 SUSSEX ST | 2025-09 | $550,000 | 1,622 | 51.4% |
| 321-323 SIMONS AVE | 2025-11 | $518,972 | 1,268 | 67.0% |
| 99 TROAST ST | 2025-10 | $630,000 | 1,312 | 58.8% |
| 335 PARKER AVE | 2025-05 | $450,000 | 1,332 | 76.7% |
| 24 KANSAS ST | 2026-01 | $450,000 | 1,341 | 62.2% |
| 90 DE WITT PLACE | 2026-02 | $690,000 | 1,555 | 46.6% |
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