The Fair Share Report
295 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 $817,711 – $1,724,164, 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 $1,479,057 home should be assessed near $950,294.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $449,706 above what the ratio math suggests (47.3%).
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%177%
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 $13,365/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 54 WINDSOR RD | 2025-04 | $999,900 | 2,550 | 33.4% |
| 99 OXFORD DR | 2025-11 | $2,350,000 | 2,845 | 56.6% |
| 111 ENGLE ST | 2025-08 | $1,235,000 | 2,397 | 38.1% |
| 41 CYPRESS ST | 2025-09 | $1,598,000 | 2,182 | 48.1% |
| 170 HICKORY AVE | 2026-03 | $1,295,000 | 1,964 | 54.4% |
| 21 HOWARD PARK DR | 2025-01 | $1,700,000 | 2,633 | 34.4% |
| 72 DOWNEY DR | 2025-12 | $999,000 | 2,939 | 79.0% |
| 76 FOREST RD | 2026-04 | $1,640,000 | 2,412 | 56.7% |
| 29 ENGLE ST | 2026-01 | $858,500 | 2,276 | 58.8% |
| 310 DEVON RD | 2025-07 | $2,750,000 | 3,342 | 48.3% |
| 29 ENGLE ST | 2025-06 | $999,000 | 2,628 | 61.8% |
| 83 NORMAN PL | 2026-05 | $1,650,000 | 2,693 | 46.6% |
Is this your house?
Run your own report →