The Fair Share Report
45 Second Ave
Secaucus, NJ 07094
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Secaucus's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $669,787 – $997,887, from 12 comparable Secaucus 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 Secaucus assessments sit below market value — republished every October, applied town-wide. A $858,411 home should be assessed near $318,470.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,870 below what the ratio math suggests (31.7%).
Step 4 · The tax rate — same for every Secaucus home
$1.462 Schools · 34% $0.853 County · 20% $1.952 Town · 46%
Step 5 · The bill
This home vs. every recent Secaucus sale · assessed ÷ market
14%48%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 72 CENTRAL LANE | 2025-12 | $995,000 | — | 10.5% |
| 691 NINTH STREET | 2025-06 | $960,000 | 1,930 | 19.4% |
| 16 ARN TERRACE | 2026-06 | $750,000 | 2,034 | 26.0% |
| 1493 PATERSON PLANK ROAD | 2025-12 | $1,120,000 | 1,887 | 30.5% |
| 1026 GILLIS PLACE | 2025-08 | $750,000 | 1,824 | 41.9% |
| 10 RAYDOL AVENUE | 2026-03 | $850,000 | 1,920 | 20.0% |
| 14 RADIO AVENUE | 2025-03 | $930,000 | 1,835 | 23.6% |
| 17 ARN TERRACE | 2025-09 | $720,000 | 2,144 | 25.0% |
| 728 IRVING PLACE | 2026-03 | $775,000 | 2,046 | 23.6% |
| 8 MARIANNE TERRACE | 2025-08 | $825,000 | 1,675 | 28.8% |
| 8 MARIANNE TERRACE | 2025-02 | $515,000 | 1,675 | 46.1% |
| 700 NINTH STREET | 2026-05 | $1,099,000 | 2,250 | 18.5% |
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