The Fair Share Report
446 Passaic St
Hackensack, NJ 07481
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 $223,852 – $265,385, from 12 comparable Hackensack sales in the past 18 months, at this home's 690 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 $242,089 home should be assessed near $180,550.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,750 below what the ratio math suggests (2.1%).
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%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 |
|---|---|---|---|---|
| 281 PARK ST. | 2025-04 | $235,000 | 703 | 73.0% |
| 281 PARK ST. | 2025-02 | $267,000 | 761 | 63.8% |
| 281 PARK ST. | 2025-01 | $247,500 | 801 | 70.3% |
| 5 LINDEN ST | 2025-01 | $265,000 | 761 | 68.8% |
| 5 LINDEN ST. | 2025-10 | $287,000 | 766 | 63.7% |
| 31 FAIRMOUNT AVE. | 2025-09 | $433,750 | 810 | 54.0% |
| CONDO | 2025-10 | $210,206 | 675 | 86.3% |
| 5 LINDEN ST. | 2025-11 | $278,000 | 793 | 66.9% |
| 5 LINDEN ST | 2025-05 | $240,000 | 793 | 77.5% |
| 300 LOOKOUT AVE | 2025-09 | $285,000 | 650 | 63.7% |
| 5 LINDEN ST | 2025-07 | $267,000 | 823 | 71.0% |
| 420 PASSAIC ST | 2025-04 | $315,000 | 740 | 69.2% |
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