The Fair Share Report
425 Thompson 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 $486,823 – $546,688, from 12 comparable Hackensack sales in the past 18 months, at this home's 1,508 sq ft.
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 $506,787 home should be assessed near $377,962.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $67,638 above what the ratio math suggests (17.9%).
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%97%
A touch high — worth watching
This home's ratio sits above most of Hackensack, but doesn't clear NJ's legal appeal line (85.77%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 54 POLIFLY RD | 2025-03 | $486,500 | 1,507 | 68.1% |
| 481A GARDNER PL | 2026-03 | $465,000 | 1,464 | 82.7% |
| 485 GARDNER PL | 2025-03 | $640,000 | 1,539 | 66.5% |
| 54 POLIFLY RD | 2025-02 | $460,000 | 1,590 | 74.5% |
| 150 GRAND AVE | 2026-05 | $542,700 | 1,497 | 55.3% |
| 150 GRAND AVE. | 2025-07 | $520,000 | 1,497 | 65.6% |
| 308 HAMILTON PL | 2025-07 | $550,000 | 1,650 | 70.9% |
| 13 ZABRISKIE ST | 2025-11 | $530,000 | 1,710 | 70.3% |
| 17 ZABRISKIE ST | 2025-10 | $595,000 | 1,710 | 63.5% |
| 54 POLIFLY RD | 2026-01 | $425,000 | 1,229 | 68.9% |
| 54 POLIFLY RD | 2025-12 | $440,000 | 1,227 | 66.5% |
| 54 POLIFLY RD | 2025-04 | $410,000 | 1,220 | 70.7% |
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