The Fair Share Report
488 Colonial Terr
Hackensack, NJ 07601
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 Hackensack's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $259,193 – $345,839, 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 $322,006 home should be assessed near $240,152.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,852 below what the ratio math suggests (9.5%).
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%91%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 483 COLONIAL TERR. | 2025-11 | $295,000 | 856 | 68.7% |
| 475 COLONIAL TERR. | 2025-09 | $235,000 | 856 | 89.5% |
| 90 PROSPECT AVE | 2025-07 | $285,000 | 1,004 | 73.0% |
| 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% |
| 486 BLANCHARD TERR | 2025-10 | $310,000 | 804 | 58.6% |
| 160 OVERLOOK AVE | 2025-10 | $320,000 | 957 | 75.1% |
| 208 ANDERSON ST | 2026-04 | $299,000 | 1,100 | 68.7% |
| 208 ANDERSON ST | 2025-08 | $318,000 | 1,100 | 77.9% |
| 208 ANDERSON ST | 2025-03 | $310,000 | 1,100 | 76.3% |
| 208 ANDERSON ST | 2025-03 | $280,000 | 1,100 | 73.3% |
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