The Fair Share Report

231 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

≈ $670,330

Likely range $566,791 – $805,683, 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 $670,330 home should be assessed near $107,789.

Step 3 · Assessed value

$90,700

Set at the last town-wide revaluation and mostly frozen since. That's $17,089 below what the ratio math suggests (15.9%).

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

$9,839/yr
Public schools$4,648
Hudson County$1,739
Town of Kearny$3,452
Kearny average$10,749

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

Town median 15.5%
This home · 13.5%

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)

AddressSoldPriceSq ftRatio
18 SCHUYLER AVE2026-04$629,0001,83614.3%
52 JOHN ST2026-04$450,0001,77616.4%
112 DEVON TERR2025-08$825,0001,91414.6%
53 DEVON TERR2026-05$870,0002,05613.3%
101 LINDEN AVE2025-09$675,0002,09118.8%
63 E MIDLAND AVE2025-08$890,0001,96016.4%
133 HICKORY ST2025-03$460,0001,66720.1%
305 STEWART AVE2025-11$730,0002,11218.2%
409 FOREST ST2025-06$620,0001,54816.0%
83 BERGEN AVE2026-01$938,8882,11213.6%
291 LAUREL AVE2025-08$800,0002,18416.7%
74 DUKES ST2025-09$600,0001,56413.2%

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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 →