The Fair Share Report
609 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 $248,804 – $303,466, 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 $292,566 home should be assessed near $218,196.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $130,804 above what the ratio math suggests (59.9%).
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%146%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (85.77%) — roughly $4,196/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 303 HAMILTON PL | 2025-10 | $275,000 | 741 | 57.0% |
| 303 HAMILTON PL | 2026-04 | $330,000 | 910 | 53.2% |
| 208 ANDERSON ST | 2026-04 | $245,000 | 800 | 65.7% |
| 208 ANDERSON ST | 2025-08 | $253,500 | 800 | 64.0% |
| 208 ANDERSON ST | 2025-06 | $290,000 | 800 | 69.1% |
| 208 ANDERSON ST | 2025-02 | $252,000 | 800 | 63.9% |
| 150 OVERLOOK AVE | 2025-08 | $249,000 | 791 | 80.9% |
| 150 OVERLOOK AVE | 2026-02 | $270,000 | 791 | 75.9% |
| 150 OVERLOOK AVE | 2026-04 | $285,000 | 791 | 63.2% |
| 150 OVERLOOK AVE | 2025-04 | $286,000 | 791 | 73.8% |
| 307 PROSPECT AVE | 2025-05 | $270,000 | 838 | 75.6% |
| 307 PROSPECT AVE | 2025-01 | $332,500 | 838 | 68.6% |
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