The Fair Share Report
242 High St
Hackensack, NJ 07607
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Hackensack's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $782,276 – $915,676, 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 $867,083 home should be assessed near $646,671.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $136,771 below what the ratio math suggests (21.1%).
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%91%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 128 OLD HOBOKEN RD. | 2025-10 | $950,000 | 2,868 | 53.1% |
| 413 ESSEX ST | 2025-01 | $900,000 | 2,504 | 54.8% |
| 140 HOPPER ST. | 2025-01 | $850,000 | 2,388 | 58.1% |
| 146 HOBART ST | 2025-12 | $590,000 | 2,484 | 65.6% |
| 136-38 PINE ST | 2025-06 | $850,000 | 2,396 | 58.9% |
| 483 PARKER AVE | 2025-10 | $769,000 | 2,258 | 63.5% |
| 392 TAYLOR AVE | 2025-01 | $720,000 | 2,100 | 51.4% |
| 225 CATALPA AVE | 2025-12 | $800,000 | 2,550 | 65.1% |
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 119 JOHN ST | 2025-02 | $550,000 | 2,298 | 81.8% |
| 232-34 WASHINGTON AVE. | 2025-01 | $770,000 | 2,226 | 56.8% |
| 174 CLAY ST | 2025-12 | $830,000 | 2,262 | 50.9% |
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