The Fair Share Report
381 Summit Ave
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 $526,180 – $647,294, 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 $590,592 home should be assessed near $440,464.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,436 above what the ratio math suggests (0.8%).
Step 4 · The tax rate — same for every Hackensack home
$1.457 Schools · 45% $0.291 County · 9% $1.460 Town · 46%
This home's own bill implies $3.096 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 37 KANSAS ST | 2025-09 | $620,000 | 1,674 | 60.1% |
| 115 SUSSEX ST | 2025-07 | $480,000 | 1,663 | 75.6% |
| 89 SUSSEX ST | 2025-07 | $455,000 | 1,720 | 75.9% |
| 64 DE WITT PL. | 2025-07 | $612,500 | 1,718 | 55.8% |
| 27-29 MARTIN TERR | 2026-03 | $850,000 | 1,726 | 60.4% |
| 194 LOUIS ST | 2025-07 | $690,000 | 1,724 | 60.9% |
| 294 PASSAIC ST | 2025-04 | $610,000 | 1,754 | 58.8% |
| 68 DE WITT PL. | 2025-08 | $475,000 | 1,504 | 62.1% |
| 50 SPRING VALLEY AVE. | 2025-09 | $550,000 | 1,396 | 66.4% |
| 119 KANSAS ST | 2025-01 | $599,000 | 1,708 | 53.8% |
| 392 LOOKOUT AVE | 2025-02 | $700,000 | 1,479 | 49.2% |
| 4 FRANKLIN PL | 2026-03 | $650,000 | 1,704 | 51.9% |
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