The Fair Share Report
242 Summit Ave
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 $481,133 – $972,860, 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 $813,573 home should be assessed near $606,763.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,363 below what the ratio math suggests (4.0%).
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%126%
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 |
|---|---|---|---|---|
| 165 PINE ST | 2026-02 | $875,000 | 2,118 | 56.1% |
| 247-255 CEDAR AVE | 2026-04 | $612,000 | 2,340 | 75.8% |
| 208 CLINTON PL | 2025-03 | $755,000 | 2,793 | 68.7% |
| 410 HUDSON ST | 2026-06 | $213,000 | 2,371 | 195.1% |
| 69 ROSS AVE | 2026-02 | $935,000 | 2,610 | 49.5% |
| 69 ROSS AVE | 2025-06 | $500,000 | 2,610 | 92.5% |
| 162 ROSS AVE | 2025-01 | $815,000 | 2,284 | 57.5% |
| 205 DAVIS AVE | 2026-03 | $970,000 | 2,413 | 56.1% |
| 27-29 MARTIN TERR | 2026-03 | $850,000 | 1,726 | 60.4% |
| 258 CLINTON PL | 2026-06 | $790,000 | 2,025 | 60.6% |
| 436 SUMMIT AVE | 2025-08 | $793,000 | 3,327 | 91.4% |
| 119 JOHN ST | 2025-02 | $550,000 | 2,298 | 81.8% |
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