The Fair Share Report
407 Third St
Hackettstown, NJ 07840
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 $442,622 – $572,483, from 12 comparable Hackettstown 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 Hackettstown assessments sit below market value — republished every October, applied town-wide. A $543,177 home should be assessed near $404,015.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,615 below what the ratio math suggests (17.2%).
Step 4 · The tax rate — same for every Hackettstown home
$2.070 Schools · 60% $0.676 County · 19% $0.731 Town · 21%
Step 5 · The bill
This home vs. every recent Hackettstown sale · assessed ÷ market
46%91%
Paying about right
This home's ratio lands inside Hackettstown'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 |
|---|---|---|---|---|
| 806 E BALDWIN ST | 2025-11 | $520,000 | 2,010 | 55.8% |
| 133 DEERFIELD DR | 2026-03 | $546,000 | 1,934 | 59.1% |
| 702 HAMILTON DR | 2025-10 | $480,000 | 2,046 | 69.6% |
| 602 E BALDWIN ST | 2025-06 | $496,000 | 2,078 | 65.4% |
| 105 COLLEGE VIEW DR | 2026-05 | $430,000 | 1,821 | 69.0% |
| 143 CANAL WAY | 2025-07 | $395,000 | 1,833 | 52.5% |
| 201 FOURTH AVE | 2025-06 | $440,000 | 1,672 | 68.1% |
| 802 E PROSPECT ST | 2026-04 | $600,000 | 1,932 | 65.9% |
| 150 COLLEGE VIEW DR | 2026-02 | $590,000 | 1,762 | 49.2% |
| 5 SEYMOUR TERR | 2025-11 | $445,000 | 1,850 | 68.1% |
| 23 MUSKY RIDGE DR | 2026-05 | $570,000 | 1,932 | 52.6% |
| 105 PLEASANT VIEW RD | 2025-08 | $572,000 | 1,728 | 54.3% |
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