The Fair Share Report
308 Second St
Hackettstown, NJ 07840
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 $510,533 – $697,796, from 12 comparable Hackettstown 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 Hackettstown assessments sit below market value — republished every October, applied town-wide. A $562,687 home should be assessed near $418,527.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,527 below what the ratio math suggests (6.8%).
Step 4 · The tax rate — same for every Hackettstown home
$2.070 Schools · 60% $0.676 County · 19% $0.731 Town · 21%
Step 5 · The bill
This home vs. every recent Hackettstown sale · assessed ÷ market
46%91%
Paying about right
This home's ratio lands inside Hackettstown'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 |
|---|---|---|---|---|
| 3 JAMES CT | 2025-08 | $525,000 | 2,412 | 70.0% |
| 806 E BALDWIN ST | 2025-11 | $520,000 | 2,010 | 55.8% |
| 702 HAMILTON DR | 2025-10 | $480,000 | 2,046 | 69.6% |
| 211 SEBER RD | 2025-06 | $520,000 | 1,642 | 57.2% |
| 508 HAMILTON DR | 2026-01 | $571,500 | 2,372 | 62.5% |
| 602 E BALDWIN ST | 2025-06 | $496,000 | 2,078 | 65.4% |
| 802 E PROSPECT ST | 2026-04 | $600,000 | 1,932 | 65.9% |
| 5 SEYMOUR TERR | 2025-11 | $445,000 | 1,850 | 68.1% |
| 234 PARK AVE | 2025-02 | $550,000 | 2,640 | 53.6% |
| 17 REESE AVE | 2026-05 | $650,000 | 2,576 | 58.8% |
| 133 DEERFIELD DR | 2026-03 | $546,000 | 1,934 | 59.1% |
| 309 SECOND ST | 2025-07 | $465,000 | 1,380 | 66.8% |
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