The Fair Share Report
402 Devon St
Kearny, NJ 07032
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 $488,829 – $734,643, 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 $582,905 home should be assessed near $93,731.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,531 below what the ratio math suggests (1.6%).
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 |
|---|---|---|---|---|
| 140 TAPPAN ST | 2025-04 | $550,000 | 1,664 | 13.3% |
| 63 HILLCREST RD | 2025-03 | $575,000 | 1,673 | 17.8% |
| 184 CHESTNUT ST | 2025-07 | $695,000 | 1,665 | 11.2% |
| 288 ELM ST | 2025-09 | $440,000 | 1,575 | 15.4% |
| 100 LAUREL AVE | 2025-10 | $570,000 | 1,725 | 14.4% |
| 748 CHESTNUT ST | 2025-04 | $550,000 | 1,691 | 19.1% |
| 206 SANFORD AVE | 2025-01 | $585,000 | 1,554 | 12.4% |
| 423 DEVON ST | 2025-03 | $410,000 | 1,552 | 18.4% |
| 42 PAVONIA AVE | 2026-01 | $695,000 | 1,685 | 17.1% |
| 688 DEVON ST | 2025-01 | $569,000 | 1,890 | 15.1% |
| 62 HAMILTON AVE | 2026-01 | $710,000 | 1,674 | 17.4% |
| 841 SCHUYLER AVE | 2025-06 | $622,000 | 1,700 | 11.6% |
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