The Fair Share Report

281 Devon Rd

Tenafly, NJ 07670

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

View this home's Plotline record →Check another house →

This home's payments are about right

It sits inside Tenafly's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $4,126,613

Likely range $3,783,232 – $5,788,351, from 12 comparable Tenafly sales in the past 18 months, at this home's 6,785 sq ft.

Step 2 · The Director's Ratio

64.25%

The state's official measure of how far Tenafly assessments sit below market value — republished every October, applied town-wide. A $4,126,613 home should be assessed near $2,651,349.

Step 3 · Assessed value

$2,698,900

Set at the last town-wide revaluation and mostly frozen since. That's $47,551 above what the ratio math suggests (1.8%).

Step 4 · The tax rate — same for every Tenafly home

$2.972 per $100 assessed

$1.924 Schools · 65% $0.332 County · 11% $0.716 Town · 24%

Step 5 · The bill

$80,238/yr
Public schools$51,944
Bergen County$8,963
Town of Tenafly$19,331
Tenafly average$25,123

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

Town median 54.4%
Appeal line 73.89%
This home · 65.4%

36%79%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
101 DEERFIELD DR2026-05$5,500,0006,44751.6%
121 CHURCHILL RD2026-01$4,185,0006,88157.9%
63 RIDGE RD2025-08$7,360,0006,13334.6%
2206 THE PLAZA2026-01$420,000—62.6%
2204 THE PLAZA2025-11$678,000—62.3%
2304 THE PLAZA2025-10$790,000—67.7%
1208 THE PLAZA2025-10$429,000—61.3%
3305 THE PLAZA2025-07$610,000—83.2%
2116 THE PLAZA2025-04$399,000—69.1%
1212 THE PLAZA2025-04$635,000—66.5%
3111 THE PLAZA2025-03$420,000—78.2%
2101 THE PLAZA2025-02$600,000—68.0%

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