The Fair Share Report
346 Esplanade
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 $284,216 – $320,000, from 12 comparable Hackensack sales in the past 18 months, at this home's 669 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 $302,715 home should be assessed near $225,765.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,765 below what the ratio math suggests (20.7%).
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%91%
Paying about right
This home's ratio lands inside Hackensack'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 |
|---|---|---|---|---|
| 486 BLANCHARD TERR | 2025-12 | $320,000 | 669 | 61.1% |
| 465 MAPLE HILL DR | 2025-08 | $285,000 | 663 | 59.0% |
| 476 HEATH PL | 2025-07 | $300,000 | 663 | 55.3% |
| 480 BLANCHARD TERR | 2025-05 | $250,000 | 663 | 68.8% |
| 461 HEATH PL. | 2026-03 | $307,500 | 634 | 62.4% |
| 418 ESPLANADE | 2025-07 | $290,000 | 634 | 65.5% |
| CONDO | 2025-06 | $270,000 | 619 | 62.1% |
| 460 HEATH PL. | 2025-06 | $300,000 | 619 | 60.7% |
| 480 CRESTWOOD AVE | 2024-12 | $250,000 | 619 | 67.1% |
| 296 ESPLANADE | 2026-03 | $310,000 | 634 | 60.6% |
| 296 ESPLANADE | 2025-06 | $290,000 | 634 | 64.8% |
| 300 LOOKOUT AVE | 2025-09 | $285,000 | 650 | 63.7% |
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