The Fair Share Report
50 Hoffman St
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 $327,806 – $384,313, 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 $357,695 home should be assessed near $266,769.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,169 below what the ratio math suggests (30.8%).
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
43%91%
Keep quiet and enjoy it
This home's assessment ratio sits below the Hackensack pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 131 CLINTON PL | 2025-02 | $376,000 | 877 | 63.6% |
| 420 PASSAIC ST | 2025-05 | $455,000 | 990 | 61.2% |
| 131 CLINTON PL | 2025-02 | $385,000 | 987 | 66.9% |
| 241 UNION ST | 2025-11 | $405,000 | 1,036 | 69.6% |
| 300 PARK ST. | 2026-01 | $380,000 | 924 | 55.9% |
| 275 STATE ST | 2025-09 | $430,000 | 1,040 | 56.3% |
| 131 CLINTON PL | 2025-01 | $290,000 | 831 | 78.9% |
| 39 UNION ST | 2025-12 | $390,000 | 1,072 | 73.1% |
| 131 CLINTON PL | 2025-08 | $410,000 | 1,034 | 68.6% |
| 290 ANDERSON ST. | 2026-05 | $330,000 | 898 | 63.2% |
| 300 PARK ST. | 2025-10 | $360,000 | 984 | 60.6% |
| 55 CLINTON PL. | 2025-04 | $325,000 | 955 | 66.4% |
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