The Fair Share Report
204 Devon St
Kearny, NJ 07032
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 $583,359 – $714,409, from 12 comparable Kearny 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 Kearny assessments sit below market value — republished every October, applied town-wide. A $636,996 home should be assessed near $102,429.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,529 below what the ratio math suggests (20.0%).
Step 4 · The tax rate — same for every Kearny home
$5.124 Schools · 47% $1.917 County · 18% $3.806 Town · 35%
Step 5 · The bill
This home vs. every recent Kearny sale · assessed ÷ market
6%24%
Paying about right
This home's ratio lands inside Kearny'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 |
|---|---|---|---|---|
| 112 DEVON TERR | 2025-08 | $825,000 | 1,914 | 14.6% |
| 409 FOREST ST | 2025-06 | $620,000 | 1,548 | 16.0% |
| 133 HICKORY ST | 2025-03 | $460,000 | 1,667 | 20.1% |
| 74 DUKES ST | 2025-09 | $600,000 | 1,564 | 13.2% |
| 52 JOHN ST | 2026-04 | $450,000 | 1,776 | 16.4% |
| 475 ELM ST | 2025-09 | $350,000 | — | 11.0% |
| 60 WILSON AVE | 2025-09 | $545,000 | 1,368 | 16.7% |
| 83 BERGEN AVE | 2026-01 | $938,888 | 2,112 | 13.6% |
| 291 LAUREL AVE | 2025-08 | $800,000 | 2,184 | 16.7% |
| 243 BELGROVE DR | 2025-01 | $680,000 | 1,662 | 16.5% |
| 122 CHESTNUT ST | 2025-06 | $360,000 | 1,701 | 20.0% |
| 18 SCHUYLER AVE | 2026-04 | $629,000 | 1,836 | 14.3% |
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