The Fair Share Report
61 So 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 $723,300 – $879,565, 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 $777,610 home should be assessed near $579,942.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $55,742 below what the ratio math suggests (9.6%).
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%
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 |
|---|---|---|---|---|
| 114 OLD HOBOKEN RD | 2025-02 | $1,099,000 | — | 68.2% |
| 483 PARKER AVE | 2025-10 | $769,000 | 2,258 | 63.5% |
| 232-34 WASHINGTON AVE. | 2025-01 | $770,000 | 2,226 | 56.8% |
| 383 HAYNES ST | 2025-10 | $790,000 | 2,022 | 51.8% |
| 165 PINE ST | 2026-02 | $875,000 | 2,118 | 56.1% |
| 30 CLARENDON PL | 2026-04 | $960,000 | 2,270 | 45.6% |
| 225 CATALPA AVE | 2025-12 | $800,000 | 2,550 | 65.1% |
| 137 BYRNE ST | 2026-04 | $750,000 | 1,961 | 57.0% |
| 174 CLAY ST | 2025-12 | $830,000 | 2,262 | 50.9% |
| 140 DAVIS AVE. | 2026-02 | $675,000 | 1,965 | 61.9% |
| 255 POPLAR AVE | 2025-01 | $695,000 | 2,129 | 58.0% |
| 258 ROSS AVE | 2026-05 | $705,000 | 1,911 | 58.7% |
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