The Fair Share Report
275 State St
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 $402,607 – $468,330, from 12 comparable Hackensack sales in the past 18 months, at this home's 1,198 sq ft.
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 $429,601 home should be assessed near $320,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,604 above what the ratio math suggests (27.3%).
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%107%
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 $2,810/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 420 PASSAIC ST | 2025-04 | $450,000 | 1,202 | 68.6% |
| 54 POLIFLY RD | 2025-04 | $410,000 | 1,220 | 70.7% |
| 54 POLIFLY RD | 2025-12 | $440,000 | 1,227 | 66.5% |
| 54 POLIFLY RD | 2026-01 | $425,000 | 1,229 | 68.9% |
| 115 POLIFLY RD. | 2025-08 | $359,000 | 1,175 | 60.8% |
| 62 FREDERICK ST | 2026-05 | $589,000 | 1,227 | 50.8% |
| 310 LOOKOUT AVE. | 2025-09 | $415,000 | 1,353 | 71.6% |
| 310 LOOKOUT AVE. | 2025-06 | $415,000 | 1,353 | 70.7% |
| 420 PASSAIC ST | 2025-05 | $455,000 | 990 | 61.2% |
| 115 POLIFLY RD. | 2025-05 | $470,000 | 1,329 | 53.6% |
| 54 POLIFLY RD | 2025-03 | $486,500 | 1,507 | 68.1% |
| 241 UNION ST | 2025-11 | $405,000 | 1,036 | 69.6% |
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