The Fair Share Report
717 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 $396,865 – $650,985, 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 $437,107 home should be assessed near $162,167.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,667 below what the ratio math suggests (15.8%).
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 |
|---|---|---|---|---|
| 5 BLANCHE STREET | 2025-12 | $650,000 | 1,488 | 20.1% |
| 261 SUNSET KEY | 2026-05 | $430,000 | 1,452 | 38.7% |
| 24 MARINA KEY | 2026-03 | $628,300 | 1,452 | 26.5% |
| 128 SANDPIPER KEY | 2025-10 | $610,000 | 1,452 | 27.3% |
| 24 MARINA KEY | 2025-03 | $590,000 | 1,452 | 28.2% |
| 266 SUNSET KEY | 2025-02 | $522,000 | 1,452 | 31.9% |
| 1940 HARMON COVE TOWERS | 2025-04 | $307,000 | 1,504 | 49.8% |
| 222 HARMON COVE TOWERS | 2026-06 | $395,000 | 1,446 | 32.6% |
| 1332 HARMON COVE TOWERS | 2025-06 | $428,000 | 1,525 | 32.7% |
| 308 HARMON COVE TOWERS | 2025-04 | $445,000 | 1,525 | 35.8% |
| 2138 HARMON COVE TOWERS | 2025-04 | $420,000 | 1,525 | 35.1% |
| HARMON COVE TOWERS | 2025-02 | $400,000 | 1,525 | 34.9% |
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