The Fair Share Report
302 Elm Ave
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 $745,645 – $873,335, 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 $842,987 home should be assessed near $628,700.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $73,700 below what the ratio math suggests (11.7%).
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%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 |
|---|---|---|---|---|
| 136-38 PINE ST | 2025-06 | $850,000 | 2,396 | 58.9% |
| 146 HOBART ST | 2025-12 | $590,000 | 2,484 | 65.6% |
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 413 ESSEX ST | 2025-01 | $900,000 | 2,504 | 54.8% |
| 483 PARKER AVE | 2025-10 | $769,000 | 2,258 | 63.5% |
| 119 JOHN ST | 2025-02 | $550,000 | 2,298 | 81.8% |
| 232-34 WASHINGTON AVE. | 2025-01 | $770,000 | 2,226 | 56.8% |
| 140 HOPPER ST. | 2025-01 | $850,000 | 2,388 | 58.1% |
| 128 OLD HOBOKEN RD. | 2025-10 | $950,000 | 2,868 | 53.1% |
| 225 CATALPA AVE | 2025-12 | $800,000 | 2,550 | 65.1% |
| 123 KANSAS ST | 2025-10 | $700,000 | 2,184 | 55.7% |
| 13 ZABRISKIE ST | 2025-11 | $530,000 | 1,710 | 70.3% |
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