The Fair Share Report
25 Hoffman St
So Hackensack, NJ 07606
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.
Not enough sales for an honest verdict
Too few comparable recent sales in South Hackensack to judge fairly — so we won't guess. The town's current median assessment ratio is 92.4%.
Step 2 · The Director's Ratio
The state's official measure of how far South Hackensack assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every South Hackensack home
$0.808 Schools · 44% $0.229 County · 12% $0.814 Town · 44%
This home's own bill implies $1.769 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 112 E. GROVE ST | 2025-03 | $730,000 | 2,080 | 92.4% |
| 545 MOONACHIE ROAD | 2025-01 | $500,000 | 1,186 | 95.9% |
| 16 MAPLE AVE | 2026-05 | $750,000 | 1,216 | 71.2% |
| 9 TUVE LANE | 2025-01 | $785,000 | 1,944 | 98.5% |
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