The Fair Share Report
361 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 $699,693 – $808,293, from 12 comparable Hackensack 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 Hackensack assessments sit below market value — republished every October, applied town-wide. A $760,204 home should be assessed near $566,960.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,860 below what the ratio math suggests (19.7%).
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 |
|---|---|---|---|---|
| 174 CLAY ST | 2025-12 | $830,000 | 2,262 | 50.9% |
| 140 HOPPER ST. | 2025-01 | $850,000 | 2,388 | 58.1% |
| 392 TAYLOR AVE | 2025-01 | $720,000 | 2,100 | 51.4% |
| 383 HAYNES ST | 2025-10 | $790,000 | 2,022 | 51.8% |
| 137 BYRNE ST | 2026-04 | $750,000 | 1,961 | 57.0% |
| 131 ALLEN ST | 2025-10 | $875,000 | 2,090 | 55.4% |
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 824 SUMMIT AVE | 2026-03 | $730,000 | 2,006 | 65.3% |
| 90 PROSPECT AVE | 2025-09 | $355,000 | 1,812 | 73.9% |
| 181 ALLEN ST | 2026-05 | $675,000 | 1,768 | 82.2% |
| 137 AMES ST. | 2025-09 | $590,000 | 1,956 | 66.9% |
| 483 PARKER AVE | 2025-10 | $769,000 | 2,258 | 63.5% |
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