The Fair Share Report
700 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 $843,420 – $999,097, 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 $934,856 home should be assessed near $697,216.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,016 below what the ratio math suggests (6.5%).
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 |
|---|---|---|---|---|
| 413 ESSEX ST | 2025-01 | $900,000 | 2,504 | 54.8% |
| 403 SUMMIT AVE | 2026-01 | $999,999 | 3,008 | 80.3% |
| 205 DAVIS AVE | 2026-03 | $970,000 | 2,413 | 56.1% |
| 247-255 CEDAR AVE | 2026-04 | $612,000 | 2,340 | 75.8% |
| 483 PARKER AVE | 2025-10 | $769,000 | 2,258 | 63.5% |
| 225 CATALPA AVE | 2025-12 | $800,000 | 2,550 | 65.1% |
| 140 HOPPER ST. | 2025-01 | $850,000 | 2,388 | 58.1% |
| 174 CLAY ST | 2025-12 | $830,000 | 2,262 | 50.9% |
| 128 OLD HOBOKEN RD. | 2025-10 | $950,000 | 2,868 | 53.1% |
| 69 ROSS AVE | 2026-02 | $935,000 | 2,610 | 49.5% |
| 69 ROSS AVE | 2025-06 | $500,000 | 2,610 | 92.5% |
| 131 ALLEN ST | 2025-10 | $875,000 | 2,090 | 55.4% |
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