The Fair Share Report
29 Franklin 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 $535,835 – $780,096, 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 $623,152 home should be assessed near $464,747.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,747 below what the ratio math suggests (13.9%).
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%
Paying about right
This home's ratio lands inside Hackensack's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 165 PINE ST | 2026-02 | $875,000 | 2,118 | 56.1% |
| 137 BYRNE ST | 2026-04 | $750,000 | 1,961 | 57.0% |
| 27-29 MARTIN TERR | 2026-03 | $850,000 | 1,726 | 60.4% |
| 114 LODI ST | 2025-09 | $493,000 | 1,748 | 65.9% |
| 90 PROSPECT AVE | 2025-09 | $355,000 | 1,812 | 73.9% |
| 190 CENTRAL AVE | 2025-12 | $825,000 | 2,208 | 51.6% |
| 90 PROSPECT AVE | 2025-04 | $430,000 | 1,704 | 52.8% |
| 131 DAVIS AVE | 2025-11 | $581,000 | 1,649 | 62.0% |
| 131 DAVIS AVE | 2025-06 | $380,000 | 1,649 | 94.8% |
| 242 THIRD ST. | 2025-05 | $640,000 | 2,194 | 54.7% |
| 125 KANSAS ST | 2025-11 | $599,000 | 1,964 | 61.0% |
| 337 HUDSON ST | 2026-03 | $625,000 | 2,185 | 51.8% |
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