The Fair Share Report
299 Devon St
Kearny, NJ 07031
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.
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Step 1 · Market value
Likely range $587,054 – $836,911, from 12 comparable Kearny 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 Kearny assessments sit below market value — republished every October, applied town-wide. A $720,215 home should be assessed near $115,811.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,811 below what the ratio math suggests (5.0%).
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 |
|---|---|---|---|---|
| 18 SCHUYLER AVE | 2026-04 | $629,000 | 1,836 | 14.3% |
| 21 LIVINGSTON AVE | 2025-11 | $660,000 | 1,664 | 16.8% |
| 330 HICKORY ST | 2025-12 | $795,000 | 2,226 | 15.6% |
| 30 JEFFERSON AVE | 2025-12 | $625,000 | 1,945 | 16.7% |
| 53 DEVON TERR | 2026-05 | $870,000 | 2,056 | 13.3% |
| 280 HIGHLAND AVE | 2025-10 | $810,000 | 1,824 | 12.9% |
| 111 SEELEY AVE | 2025-10 | $480,000 | 1,620 | 9.5% |
| 63 E MIDLAND AVE | 2025-08 | $890,000 | 1,960 | 16.4% |
| 101 LINDEN AVE | 2025-09 | $675,000 | 2,091 | 18.8% |
| 102 PLEASANT PL | 2026-05 | $687,102 | 1,826 | 13.6% |
| 133 HICKORY ST | 2025-03 | $460,000 | 1,667 | 20.1% |
| 62 HAMILTON AVE | 2026-01 | $710,000 | 1,674 | 17.4% |
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