The Fair Share Report
272 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 $351,500 – $427,847, from 12 comparable Kearny sales in the past 18 months, at this home's 1,036 sq ft.
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 $402,235 home should be assessed near $64,679.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,979 below what the ratio math suggests (15.4%).
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
7%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 |
|---|---|---|---|---|
| 43 JOHN ST | 2025-03 | $380,000 | 1,120 | 7.8% |
| 680 1/2 CHESTNUT ST | 2026-06 | $260,000 | 1,264 | 18.3% |
| 483 FOREST ST | 2026-05 | $345,000 | 1,030 | 18.6% |
| 474 FOREST ST | 2026-05 | $400,000 | 1,030 | 16.0% |
| 483 FOREST ST | 2025-05 | $355,000 | 1,030 | 17.4% |
| 20 S MIDLAND AVE | 2025-10 | $420,000 | 1,017 | 17.2% |
| 20 S MIDLAND AVE | 2026-01 | $410,000 | 1,056 | 16.3% |
| 10 RIVERVIEW CT | 2026-04 | $570,000 | 1,014 | 17.5% |
| 20 S MIDLAND AVE | 2026-04 | $436,000 | 968 | 14.5% |
| 387-389 FOREST ST | 2025-05 | $510,000 | 1,032 | 16.6% |
| 700 SCHUYLER AVE | 2025-08 | $295,000 | 958 | 17.1% |
| 474 FOREST ST | 2025-04 | $350,000 | 940 | 17.3% |
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