The Fair Share Report
468 Summit 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 $539,559 – $908,392, 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 $772,392 home should be assessed near $576,050.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,650 above what the ratio math suggests (4.5%).
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%117%
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 |
|---|---|---|---|---|
| 146 HOBART ST | 2025-12 | $590,000 | 2,484 | 65.6% |
| 136-38 PINE ST | 2025-06 | $850,000 | 2,396 | 58.9% |
| 410 HUDSON ST | 2026-06 | $213,000 | 2,371 | 195.1% |
| 69 ROSS AVE | 2026-02 | $935,000 | 2,610 | 49.5% |
| 69 ROSS AVE | 2025-06 | $500,000 | 2,610 | 92.5% |
| 30 CLARENDON PL | 2026-04 | $960,000 | 2,270 | 45.6% |
| 190 CENTRAL AVE | 2025-12 | $825,000 | 2,208 | 51.6% |
| 121 SUSSEX ST | 2025-01 | $425,000 | 2,197 | 83.8% |
| 242 THIRD ST. | 2025-05 | $640,000 | 2,194 | 54.7% |
| 225 CATALPA AVE | 2025-12 | $800,000 | 2,550 | 65.1% |
| 119 JOHN ST | 2025-02 | $550,000 | 2,298 | 81.8% |
| 337 HUDSON ST | 2026-03 | $625,000 | 2,185 | 51.8% |
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