The Fair Share Report
388 Second 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 $486,469 – $622,477, 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 $553,025 home should be assessed near $412,446.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,246 below what the ratio math suggests (27.7%).
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 $3.125 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
42%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 |
|---|---|---|---|---|
| 55 ROWLAND AVE | 2025-09 | $599,900 | 1,254 | 54.5% |
| 388 PARKER AVE | 2025-02 | $583,000 | 1,342 | 74.3% |
| 321-323 SIMONS AVE | 2025-11 | $518,972 | 1,268 | 67.0% |
| 193 KRONE PL | 2025-11 | $560,000 | 1,465 | 63.9% |
| 248 PARKER AVE | 2025-04 | $575,000 | 1,387 | 52.8% |
| 811 SUMMIT AVE | 2026-01 | $605,000 | 1,460 | 59.6% |
| 268 MARVIN AVE | 2025-07 | $550,000 | 1,402 | 62.3% |
| 99 TROAST ST | 2025-10 | $630,000 | 1,312 | 58.8% |
| 378 MARVIN AVE | 2025-05 | $510,000 | 1,152 | 124.3% |
| 335 PARKER AVE | 2025-05 | $450,000 | 1,332 | 76.7% |
| 311 STANDISH AVE | 2025-11 | $580,000 | 1,131 | 56.0% |
| 306 MARY ST | 2026-04 | $615,000 | 1,254 | 58.4% |
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