The Fair Share Report
309 First
Hoboken, NJ 07030
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 $623,452 – $722,047, from 12 comparable Hoboken 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 Hoboken assessments sit below market value — republished every October, applied town-wide. A $677,821 home should be assessed near $395,034.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $154,634 below what the ratio math suggests (39.1%).
Step 4 · The tax rate — same for every Hoboken home
$0.557 Schools · 31% $0.591 County · 33% $0.657 Town · 36%
Step 5 · The bill
This home vs. every recent Hoboken sale · assessed ÷ market
28%73%
Keep quiet and enjoy it
This home's assessment ratio sits below the Hoboken 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 |
|---|---|---|---|---|
| 811 WASHINGTON ST | 2025-11 | $625,000 | 784 | 70.2% |
| 812 BLOOMFIELD ST | 2025-11 | $792,500 | 785 | 68.4% |
| 110 WASHINGTON ST | 2026-02 | $670,000 | 771 | 61.5% |
| 110 WASHINGTON ST | 2025-10 | $654,000 | 771 | 63.0% |
| 807 GARDEN ST | 2026-03 | $710,000 | 793 | 60.0% |
| 222 GRAND ST | 2025-03 | $712,500 | 800 | 60.2% |
| 218 JEFFERSON ST | 2025-05 | $550,000 | 750 | 71.3% |
| 217 BLOOMFIELD ST | 2026-01 | $750,000 | 748 | 64.4% |
| 201 14TH ST | 2025-12 | $645,000 | 747 | 60.3% |
| 222 GRAND ST | 2025-11 | $670,000 | 745 | 59.6% |
| 222 GRAND ST | 2025-09 | $680,000 | 745 | 60.2% |
| 100 PARK AVE | 2026-01 | $600,000 | 736 | 55.0% |
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