The Fair Share Report
51 Lodi St
Hackensack, NJ 07652
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 $202,380 – $266,198, 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 $254,972 home should be assessed near $190,158.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,258 below what the ratio math suggests (3.8%).
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
49%96%
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 |
|---|---|---|---|---|
| 391 PARK ST | 2025-05 | $242,500 | 525 | 65.6% |
| 9 VREELAND AVE. | 2026-04 | $260,000 | 538 | 57.0% |
| 303 HAMILTON PL | 2025-10 | $275,000 | 741 | 57.0% |
| 110-14 SUSSEX ST. | 2026-02 | $226,000 | 590 | 62.6% |
| 9 VREELAND AVE. | 2026-05 | $235,000 | 494 | 61.5% |
| 9 VREELAND AVE. | 2025-12 | $165,000 | 494 | 87.5% |
| 245 ANDERSON ST. | 2025-11 | $250,000 | 542 | 59.2% |
| 245 ANDERSON ST. | 2025-04 | $249,000 | 542 | 59.4% |
| 300 LOOKOUT AVE | 2025-09 | $285,000 | 650 | 63.7% |
| 245 ANDERSON ST. | 2026-03 | $247,000 | 536 | 59.6% |
| 245 ANDERSON ST. | 2025-11 | $260,000 | 524 | 60.4% |
| 245 ANDERSON ST. | 2025-01 | $235,000 | 515 | 63.4% |
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