The Fair Share Report
260 Devon Rd
Tenafly, NJ 07670
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 $2,966,978 – $7,837,709, from 12 comparable Tenafly 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 Tenafly assessments sit below market value — republished every October, applied town-wide. A $5,207,383 home should be assessed near $3,345,744.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,043,544 below what the ratio math suggests (31.2%).
Step 4 · The tax rate — same for every Tenafly home
$1.924 Schools · 65% $0.332 County · 11% $0.716 Town · 24%
Step 5 · The bill
This home vs. every recent Tenafly sale · assessed ÷ market
24%83%
Paying about right
This home's ratio lands inside Tenafly'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 |
|---|---|---|---|---|
| 63 RIDGE RD | 2025-08 | $7,360,000 | 6,133 | 34.6% |
| 101 DEERFIELD DR | 2026-05 | $5,500,000 | 6,447 | 51.6% |
| 121 CHURCHILL RD | 2026-01 | $4,185,000 | 6,881 | 57.9% |
| 61 EDGEWOOD ST | 2025-07 | $2,866,000 | 5,140 | 61.4% |
| 2206 THE PLAZA | 2026-01 | $420,000 | — | 62.6% |
| 2204 THE PLAZA | 2025-11 | $678,000 | — | 62.3% |
| 2304 THE PLAZA | 2025-10 | $790,000 | — | 67.7% |
| 1208 THE PLAZA | 2025-10 | $429,000 | — | 61.3% |
| 3305 THE PLAZA | 2025-07 | $610,000 | — | 83.2% |
| 2116 THE PLAZA | 2025-04 | $399,000 | — | 69.1% |
| 1212 THE PLAZA | 2025-04 | $635,000 | — | 66.5% |
| 3111 THE PLAZA | 2025-03 | $420,000 | — | 78.2% |
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