The Fair Share Report
373 Devon St
Kearny, NJ 07005
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 $658,241 – $996,343, 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 $763,815 home should be assessed near $122,821.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,179 above what the ratio math suggests (21.3%).
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%28%
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 |
|---|---|---|---|---|
| 616 CHESTNUT ST | 2025-10 | $700,000 | 3,150 | 15.3% |
| 61 MAPLE ST | 2025-09 | $735,000 | 3,102 | 12.8% |
| 229 BRIGHTON AVE | 2026-03 | $730,000 | 2,936 | 17.8% |
| 400 CHESTNUT ST | 2025-01 | $760,000 | 2,798 | 17.1% |
| 16 HILLSIDE AVE | 2025-08 | $910,000 | 2,712 | 13.4% |
| 133 RUTHERFORD PL | 2025-12 | $815,000 | 2,582 | 15.0% |
| 614-616 ELM ST | 2025-11 | $650,000 | 2,851 | 15.8% |
| 62 WILSON AVE | 2025-11 | $810,000 | 2,640 | 16.5% |
| 563 CHESTNUT ST | 2025-09 | $865,000 | 3,216 | 12.7% |
| 206 HIGHLAND AVE | 2026-05 | $875,000 | 2,548 | 14.8% |
| 112 HOYT ST | 2025-11 | $670,000 | 3,108 | 14.7% |
| 124 MAPLE ST | 2025-02 | $600,000 | 2,832 | 16.0% |
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