The Fair Share Report
27 Franklin St
Hackensack, NJ 07047
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 $154,188 – $169,783, from 7 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 $166,498 home should be assessed near $124,174.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,726 above what the ratio math suggests (22.3%).
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%104%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (85.77%) — roughly $889/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 9 VREELAND AVE. | 2026-05 | $235,000 | 494 | 61.5% |
| 9 VREELAND AVE. | 2025-12 | $165,000 | 494 | 87.5% |
| 9 VREELAND AVE. | 2026-04 | $260,000 | 538 | 57.0% |
| 301 BEECH ST | 2025-11 | $225,000 | 428 | 62.3% |
| 391 PARK ST | 2025-05 | $242,500 | 525 | 65.6% |
| 47 CAMPBELL AVE | 2025-01 | $340,000 | 760 | 68.7% |
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