The Fair Share Report
280 Passaic 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 $537,393 – $605,431, from 12 comparable Hackensack sales in the past 18 months, at this home's 1,364 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 $564,163 home should be assessed near $420,753.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,753 below what the ratio math suggests (26.3%).
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
46%91%
Keep quiet and enjoy it
This home's assessment ratio sits below the Hackensack pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 189 HERMAN ST | 2025-10 | $705,000 | 1,408 | 54.3% |
| 119 POPLAR AVE | 2025-06 | $465,000 | 1,363 | 73.9% |
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 335 PARKER AVE | 2025-05 | $450,000 | 1,332 | 76.7% |
| 178 FAIRMOUNT AVE | 2025-11 | $584,000 | 1,248 | 60.4% |
| 99 TROAST ST | 2025-10 | $630,000 | 1,312 | 58.8% |
| 321-323 SIMONS AVE | 2025-11 | $518,972 | 1,268 | 67.0% |
| 88 CATALPA AVE. | 2025-06 | $620,000 | 1,499 | 62.5% |
| 268 MARVIN AVE | 2025-07 | $550,000 | 1,402 | 62.3% |
| 64 DAVIS AV | 2026-06 | $680,000 | 1,532 | 58.2% |
| 113 JOHN ST | 2025-03 | $580,000 | 1,416 | 47.3% |
| 50 SPRING VALLEY AVE. | 2025-09 | $550,000 | 1,396 | 66.4% |
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