The Fair Share Report
280 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 $2,159,636 – $2,735,525, 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 $2,242,598 home should be assessed near $1,440,869.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $429,131 above what the ratio math suggests (29.8%).
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%92%
A touch high — worth watching
This home's ratio sits above most of Tenafly, but doesn't clear NJ's legal appeal line (73.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 23 FARVIEW RD | 2026-05 | $2,625,000 | 3,900 | 62.1% |
| 5 LESLIE PL | 2026-03 | $2,425,000 | 4,413 | 59.3% |
| 47 OXFORD DR | 2025-06 | $3,300,000 | 3,887 | 47.7% |
| 26 GLENWOOD RD | 2026-03 | $1,999,000 | 3,656 | 52.8% |
| 23 STONYBROOK RD | 2025-08 | $1,999,000 | 4,532 | 75.1% |
| 252 HIGHWOOD AVE | 2025-01 | $2,065,000 | 4,553 | 80.5% |
| 91 TEKENING DR | 2026-03 | $2,520,000 | 4,490 | 76.2% |
| 16 FARVIEW RD | 2026-02 | $2,200,000 | 3,384 | 48.8% |
| 21 HASTINGS DR | 2025-01 | $2,320,000 | 4,183 | 47.2% |
| 50 EDGEWOOD ST | 2026-06 | $2,200,000 | 3,652 | 52.2% |
| 152 HIGHWOOD AVE | 2025-10 | $1,940,000 | 3,620 | 59.2% |
| 136 STONEHURST DR | 2025-12 | $1,700,000 | 3,317 | 66.1% |
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