The Fair Share Report

207 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.

Step 1 · Market value

≈ $738,625

Likely range $540,245 – $784,383, from 12 comparable Kearny sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

16.08%

The state's official measure of how far Kearny assessments sit below market value — republished every October, applied town-wide. A $738,625 home should be assessed near $118,771.

Step 3 · Assessed value

$111,600

Set at the last town-wide revaluation and mostly frozen since. That's $7,171 below what the ratio math suggests (6.0%).

Step 4 · The tax rate — same for every Kearny home

$10.847 per $100 assessed

$5.124 Schools · 47% $1.917 County · 18% $3.806 Town · 35%

Step 5 · The bill

$12,106/yr
Public schools$5,719
Hudson County$2,140
Town of Kearny$4,248
Kearny average$10,749

This home vs. every recent Kearny sale · assessed ÷ market

Town median 15.5%
This home · 15.1%

7%26%

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)

AddressSoldPriceSq ftRatio
4 TAPPAN ST2025-06$700,0002,15414.9%
53 OAKWOOD AVE2026-04$720,0002,02315.8%
18 JOHN ST2025-06$550,0002,19813.0%
108 STEWART AVE2025-07$555,0002,29618.5%
317 DAVIS AVE2026-01$565,0002,08016.3%
238-240 MIDLAND AVE2025-09$730,0002,11616.3%
21-23 ANN ST2025-10$775,0001,97412.7%
450 DAVIS AVE2025-04$625,0001,95814.1%
145 HOYT ST2025-06$825,0001,95220.5%
703 SCHUYLER AVE2026-02$825,0002,10413.1%
34 PAVONIA AVE2025-03$790,0002,37013.6%
516 FOREST STREET2026-05$668,0002,44013.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →