The Fair Share Report
425 Central 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 $233,459 – $298,933, 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 $284,444 home should be assessed near $212,138.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,362 above what the ratio math suggests (30.3%).
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 $3.119 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%124%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (85.77%) — roughly $2,065/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 486 BLANCHARD TERR | 2025-10 | $310,000 | 804 | 58.6% |
| 471 CRESTWOOD AVE | 2026-02 | $312,250 | 810 | 67.2% |
| 292 ESPLANADE | 2025-08 | $300,000 | 810 | 71.9% |
| CONDO | 2025-02 | $287,000 | 810 | 71.7% |
| 303 HAMILTON PL | 2025-10 | $275,000 | 741 | 57.0% |
| 493 W ANDERSON ST | 2025-10 | $499,000 | 824 | 31.9% |
| 970 MAIN ST | 2026-01 | $320,000 | 846 | 71.0% |
| 208 ANDERSON ST | 2026-04 | $245,000 | 800 | 65.7% |
| 208 ANDERSON ST | 2025-08 | $253,500 | 800 | 64.0% |
| 208 ANDERSON ST | 2025-06 | $290,000 | 800 | 69.1% |
| 208 ANDERSON ST | 2025-02 | $252,000 | 800 | 63.9% |
| 483 COLONIAL TERR. | 2025-11 | $295,000 | 856 | 68.7% |
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