The Fair Share Report
316 Prospect Ave
Hackensack, NJ 07024
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 $309,279 – $382,205, from 12 comparable Hackensack sales in the past 18 months, at this home's 1,028 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 $342,667 home should be assessed near $255,561.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $246,839 above what the ratio math suggests (96.6%).
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%168%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (85.77%) — roughly $7,919/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 344 PROSPECT AVE. | 2025-09 | $240,000 | 1,039 | 90.4% |
| 344 PROSPECT AVE. | 2025-09 | $341,000 | 1,147 | 67.6% |
| 290 ANDERSON ST. | 2026-05 | $330,000 | 898 | 63.2% |
| 420 PASSAIC ST | 2025-05 | $455,000 | 990 | 61.2% |
| 290 ANDERSON ST. | 2025-04 | $435,000 | 1,170 | 60.1% |
| 140 EUCLID AVE. | 2026-04 | $320,000 | 960 | 65.7% |
| 140 EUCLID AVE. | 2025-12 | $315,000 | 960 | 66.7% |
| 55 CLINTON PL. | 2025-04 | $325,000 | 955 | 66.4% |
| 115 POLIFLY RD. | 2025-12 | $338,500 | 1,072 | 61.5% |
| 115 POLIFLY RD. | 2025-08 | $250,000 | 1,072 | 83.3% |
| 38 MOONACHIE RD | 2025-02 | $380,000 | 1,115 | 68.1% |
| 62 FREDERICK ST | 2026-05 | $589,000 | 1,227 | 50.8% |
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