The Fair Share Report
499 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 $824,211 – $1,034,905, 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 $903,630 home should be assessed near $673,927.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $141,273 above what the ratio math suggests (21.0%).
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%104%
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 |
|---|---|---|---|---|
| 380 MAPLE HILL DR | 2025-06 | $879,000 | 3,597 | 76.6% |
| 436 SUMMIT AVE | 2025-08 | $793,000 | 3,327 | 91.4% |
| 256 SECOND ST. | 2025-09 | $735,000 | 3,220 | 71.8% |
| 194 KRONE PL | 2025-07 | $980,000 | 3,432 | 55.1% |
| 269 POPLAR AVE | 2025-11 | $750,000 | 2,934 | 64.0% |
| 69 ROSS AVE | 2026-02 | $935,000 | 2,610 | 49.5% |
| 69 ROSS AVE | 2025-06 | $500,000 | 2,610 | 92.5% |
| 208 CLINTON PL | 2025-03 | $755,000 | 2,793 | 68.7% |
| 209 PASSAIC ST | 2026-05 | $750,000 | 2,774 | 62.6% |
| 146 HOBART ST | 2025-12 | $590,000 | 2,484 | 65.6% |
| 119 UNION ST | 2026-01 | $780,000 | 2,900 | 60.6% |
| 136-38 PINE ST | 2025-06 | $850,000 | 2,396 | 58.9% |
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