The Fair Share Report

34 Mitchell Rd

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.

Step 1 · Market value

≈ $508,530

Likely range $503,393 – $551,158, from 12 comparable Hackettstown sales in the past 18 months, at this home's 1,646 sq ft.

Step 2 · The Director's Ratio

74.38%

The state's official measure of how far Hackettstown assessments sit below market value — republished every October, applied town-wide. A $508,530 home should be assessed near $378,245.

Step 3 · Assessed value

$253,600

Set at the last town-wide revaluation and mostly frozen since. That's $124,645 below what the ratio math suggests (33.0%).

Step 4 · The tax rate — same for every Hackettstown home

$3.477 per $100 assessed

$2.070 Schools · 60% $0.676 County · 19% $0.731 Town · 21%

Step 5 · The bill

$8,818/yr
Public schools$5,250
Warren County$1,714
Town of Hackettstown$1,854
Hackettstown average$9,665

This home vs. every recent Hackettstown sale · assessed ÷ market

Town median 58.7%
This home · 49.9%

41%91%

Keep quiet and enjoy it

This home's assessment ratio sits below the Hackettstown 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)

AddressSoldPriceSq ftRatio
6 HERBERT LANE2026-05$498,5001,63053.7%
103 CINDY TERR2026-03$500,0001,57849.4%
5 VICTOR CT2025-10$520,0001,67051.6%
123 PLEASANT VIEW RD2025-08$520,0001,68455.8%
150 COLLEGE VIEW DR2026-02$590,0001,76249.2%
105 PLEASANT VIEW RD2025-08$572,0001,72854.3%
117 DEERFIELD DR2026-04$532,0001,53450.1%
105 COLLEGE VIEW DR2026-05$430,0001,82169.0%
306 HURLEY DR2026-05$554,3001,60847.0%
19 SHELLEY DR2025-07$503,0001,63055.3%
81 COUNTRYSIDE DR2025-12$508,0001,76660.9%
117 CAROL DR2025-09$435,0001,40854.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →