The Fair Share Report
270 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 $753,940 – $1,164,122, 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 $957,228 home should be assessed near $615,019.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $372,381 above what the ratio math suggests (60.5%).
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
36%136%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (73.89%) — roughly $11,067/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 12 LOUISE LN | 2026-05 | $1,225,000 | 1,716 | 49.5% |
| 295 TENAFLY RD | 2026-04 | $420,000 | 1,100 | 66.7% |
| 178 STONEHURST DR | 2025-10 | $1,420,000 | 1,650 | 51.1% |
| 117 SERPENTINE RD | 2026-03 | $1,200,000 | 1,672 | 59.0% |
| 252 COUNTY RD | 2025-02 | $750,000 | 1,420 | 67.4% |
| 170 HICKORY AVE | 2026-03 | $1,295,000 | 1,964 | 54.4% |
| 95 MAGNOLIA AVE | 2025-10 | $1,273,000 | 1,446 | 47.5% |
| 79 BUFF RD | 2025-08 | $989,000 | 1,463 | 35.6% |
| 52 N LYLE AVE | 2025-10 | $1,300,000 | 1,638 | 40.8% |
| 127 TENAFLY ROAD | 2025-04 | $860,800 | 1,536 | 62.2% |
| 171 NEWCOMB RD | 2025-12 | $965,000 | 1,365 | 53.8% |
| 66 JEFFERSON AVE | 2025-01 | $850,000 | 1,529 | 42.9% |
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