The Fair Share Report
7 Maple Ave
So Hackensack, NJ 07606
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.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (100.00%) — roughly $4,101/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $730,000 – $785,000, from 5 comparable South Hackensack sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far South Hackensack assessments sit below market value — republished every October, applied town-wide. A $732,000 home should be assessed near $720,215.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $221,685 above what the ratio math suggests (30.8%).
Step 4 · The tax rate — same for every South Hackensack home
$0.808 Schools · 44% $0.229 County · 12% $0.814 Town · 44%
This home's own bill implies $1.773 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent South Hackensack sale · assessed ÷ market
60%134%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 9 TUVE LANE | 2025-01 | $785,000 | 1,944 | 98.5% |
| 352 CHESTNUT AVE | 2026-01 | $732,000 | 1,700 | 65.6% |
| 545 MOONACHIE ROAD | 2025-01 | $500,000 | 1,186 | 95.9% |
| 112 E. GROVE ST | 2025-03 | $730,000 | 2,080 | 92.4% |
| 16 MAPLE AVE | 2026-05 | $750,000 | 1,216 | 71.2% |
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