The Fair Share Report
367 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $327,483 – $470,647, from 12 comparable Kearny sales in the past 18 months, at this home's 860 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 $352,535 home should be assessed near $56,688.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $130,312 above what the ratio math suggests (229.9%).
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%63%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (18.49%) — roughly $14,135/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 20 WILLIAM ST | 2025-06 | $728,000 | 884 | 18.0% |
| 20 S MIDLAND AVE | 2026-04 | $380,000 | 927 | 16.5% |
| 20 S MIDLAND AVE | 2025-05 | $355,000 | 927 | 17.7% |
| 19 WILLIAM ST | 2026-05 | $555,000 | 952 | 14.7% |
| 700 SCHUYLER AVE | 2025-07 | $350,000 | 877 | 13.2% |
| 700 SCHUYLER AVE | 2026-05 | $340,000 | 892 | 13.9% |
| 20 S MIDLAND AVE | 2026-04 | $436,000 | 968 | 14.5% |
| 700 SCHUYLER AVE | 2026-01 | $340,000 | 906 | 14.2% |
| 700 SCHUYLER AVE | 2025-07 | $345,000 | 906 | 13.9% |
| 474 FOREST ST | 2025-04 | $350,000 | 940 | 17.3% |
| 239 HOYT ST | 2025-11 | $550,000 | 1,005 | 11.1% |
| 89 KING ST | 2025-12 | $565,000 | 954 | 12.9% |
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