The Fair Share Report
62 Frederick St
Hackensack, NJ 07601
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Hackensack, but below NJ's legal appeal line (85.77%), where a case becomes winnable.
Step 1 · Market value
Likely range $348,475 – $381,122, from 12 comparable Hackensack sales in the past 18 months, at this home's 1,227 sq ft.
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 $365,242 home should be assessed near $272,397.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,503 above what the ratio math suggests (9.7%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 301 BEECH ST | 2026-02 | $440,000 | — | 2.5% |
| 344 PROSPECT AVE. | 2025-09 | $341,000 | 1,147 | 67.6% |
| 290 ANDERSON ST. | 2025-04 | $435,000 | 1,170 | 60.1% |
| 326 PROSPECT AVE | 2026-05 | $335,000 | 1,159 | 76.0% |
| 326 PROSPECT AVE | 2026-05 | $370,000 | 1,159 | 67.3% |
| 326 PROSPECT AVE. | 2026-04 | $345,000 | 1,159 | 71.4% |
| 326 PROSPECT AVE. | 2025-10 | $360,000 | 1,159 | 69.2% |
| 326 PROSPECT AVE | 2025-07 | $350,000 | 1,159 | 83.2% |
| 326 PROSPECT AVE. | 2025-04 | $335,000 | 1,159 | 77.3% |
| 115 POLIFLY RD. | 2025-08 | $359,000 | 1,175 | 60.8% |
| 307 PROSPECT AVE | 2026-02 | $445,000 | 1,226 | 63.8% |
| 316 PROSPECT AVE. | 2025-05 | $370,000 | 1,334 | 88.0% |
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