The Fair Share Report

417 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.

Step 1 · Market value

≈ $604,558

Likely range $440,699 – $679,148, from 12 comparable Kearny sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

16.08%

The state's official measure of how far Kearny assessments sit below market value — republished every October, applied town-wide. A $604,558 home should be assessed near $97,213.

Step 3 · Assessed value

$91,300

Set at the last town-wide revaluation and mostly frozen since. That's $5,913 below what the ratio math suggests (6.1%).

Step 4 · The tax rate — same for every Kearny home

$10.847 per $100 assessed

$5.124 Schools · 47% $1.917 County · 18% $3.806 Town · 35%

Step 5 · The bill

$9,904/yr
Public schools$4,679
Hudson County$1,750
Town of Kearny$3,475
Kearny average$10,749

This home vs. every recent Kearny sale · assessed ÷ market

Town median 15.5%
This home · 15.1%

7%26%

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)

AddressSoldPriceSq ftRatio
102 PLEASANT PL2026-05$687,1021,82613.6%
100 LAUREL AVE2025-10$570,0001,72514.4%
63 HILLCREST RD2025-03$575,0001,67317.8%
42 GRANT AVE2025-08$625,0001,73212.4%
423 DEVON ST2025-03$410,0001,55218.4%
211 WILSON AVE2025-09$534,3881,96416.7%
688 DEVON ST2025-01$569,0001,89015.1%
486 DEVON ST2026-01$700,0002,08213.8%
419 ELM ST2025-12$650,0001,80013.7%
217 BERGEN AVE2025-04$485,0001,92417.6%
280 HIGHLAND AVE2025-10$810,0001,82412.9%
68 QUINCY AVE2026-01$650,0001,84815.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →