The Fair Share Report
247 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 $404,284 – $576,315, 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 $427,077 home should be assessed near $318,514.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $158,286 above what the ratio math suggests (49.7%).
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%123%
A touch high — worth watching
This home's ratio sits above most of Hackensack, but doesn't clear NJ's legal appeal line (85.77%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 90 PROSPECT AVE | 2025-04 | $430,000 | 1,704 | 52.8% |
| 90 PROSPECT AVE | 2025-09 | $355,000 | 1,812 | 73.9% |
| 326 PROSPECT AVE | 2025-01 | $299,000 | 1,549 | 98.5% |
| 137 BYRNE ST | 2026-04 | $750,000 | 1,961 | 57.0% |
| 326 PROSPECT AVE. | 2026-05 | $340,000 | 1,461 | 79.5% |
| 326 PROSPECT AVE. | 2026-05 | $380,000 | 1,461 | 71.7% |
| 326 PROSPECT AVE | 2025-08 | $375,000 | 1,461 | 73.3% |
| 308 HAMILTON PL | 2025-07 | $550,000 | 1,650 | 70.9% |
| 27-29 MARTIN TERR | 2026-03 | $850,000 | 1,726 | 60.4% |
| 136 ELM AVE | 2025-01 | $460,000 | 1,604 | 87.9% |
| 431 BLANCHARD TERR | 2026-06 | $670,000 | 1,644 | 61.8% |
| 326 PROSPECT AVE | 2025-10 | $342,500 | 1,376 | 76.3% |
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