The Fair Share Report
345 First St
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 $542,168 – $716,896, from 12 comparable Hackensack sales in the past 18 months, at this home's 1,691 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 $651,132 home should be assessed near $485,614.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $176,314 below what the ratio math suggests (36.3%).
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
38%91%
Keep quiet and enjoy it
This home's assessment ratio sits below the Hackensack 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 |
|---|---|---|---|---|
| 27-29 MARTIN TERR | 2026-03 | $850,000 | 1,726 | 60.4% |
| 122 DAVIS AVE | 2025-07 | $610,000 | 1,668 | 62.7% |
| 253 SUTTON AVE | 2025-11 | $538,000 | 1,678 | 71.3% |
| 195 STANLEY PL | 2025-08 | $705,000 | 1,701 | 57.1% |
| 418 TAYLOR AVE | 2026-03 | $655,000 | 1,545 | 53.1% |
| 119 KANSAS ST | 2025-01 | $599,000 | 1,708 | 53.8% |
| 40 COLES AVE | 2025-07 | $670,000 | 1,740 | 65.5% |
| 317 KAPLAN AVE. | 2025-12 | $850,000 | 1,764 | 75.8% |
| 64 DAVIS AV | 2026-06 | $680,000 | 1,532 | 58.2% |
| 125 KANSAS ST | 2025-11 | $599,000 | 1,964 | 61.0% |
| 194 LOUIS ST | 2025-07 | $690,000 | 1,724 | 60.9% |
| 131 DAVIS AVE | 2025-11 | $581,000 | 1,649 | 62.0% |
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