The Fair Share Report
692 Second St
Secaucus, NJ 07094
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.
This home's payments are about right
It sits inside Secaucus's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $571,330 – $815,736, from 12 comparable Secaucus 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 Secaucus assessments sit below market value — republished every October, applied town-wide. A $715,674 home should be assessed near $265,515.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,715 below what the ratio math suggests (39.4%).
Step 4 · The tax rate — same for every Secaucus home
$1.462 Schools · 34% $0.853 County · 20% $1.952 Town · 46%
Step 5 · The bill
This home vs. every recent Secaucus sale · assessed ÷ market
14%48%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 729 FIRST STREET | 2026-04 | $600,000 | 1,296 | 26.5% |
| 2 ALLAN TERRACE | 2025-06 | $710,000 | 1,195 | 24.4% |
| 34 ELIZABETH COURT | 2025-11 | $775,000 | 1,248 | 23.3% |
| 1137 STONEWALL LANE | 2025-10 | $735,000 | 1,124 | 21.2% |
| 21 PIKEVIEW TERRACE | 2025-08 | $650,000 | 1,158 | 27.1% |
| 4 MARIANNE TERRACE | 2026-02 | $845,000 | 1,414 | 19.7% |
| 149 CHARLES STREET | 2026-05 | $747,000 | 1,436 | 20.8% |
| 273 JULIANNE TERRACE | 2025-06 | $727,500 | 1,092 | 23.6% |
| 92 HUBER STREET | 2025-06 | $700,000 | 1,473 | 24.0% |
| 3 SPARMAN PLACE | 2026-02 | $745,000 | 1,495 | 29.8% |
| 1074 GARRY TERRACE | 2026-05 | $800,000 | 1,561 | 22.0% |
| 6 GAIL PLACE | 2025-08 | $725,000 | 1,024 | 21.9% |
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