The Fair Share Report
45 Devon Rd
Tenafly, NJ 07670
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 $874,709 – $1,365,784, from 12 comparable Tenafly 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 Tenafly assessments sit below market value — republished every October, applied town-wide. A $1,200,710 home should be assessed near $771,456.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $458,844 above what the ratio math suggests (59.5%).
Step 4 · The tax rate — same for every Tenafly home
$1.924 Schools · 65% $0.332 County · 11% $0.716 Town · 24%
Step 5 · The bill
This home vs. every recent Tenafly sale · assessed ÷ market
36%146%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (73.89%) — roughly $13,637/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 170 HICKORY AVE | 2026-03 | $1,295,000 | 1,964 | 54.4% |
| 12 LOUISE LN | 2026-05 | $1,225,000 | 1,716 | 49.5% |
| 117 SERPENTINE RD | 2026-03 | $1,200,000 | 1,672 | 59.0% |
| 178 STONEHURST DR | 2025-10 | $1,420,000 | 1,650 | 51.1% |
| 41 CYPRESS ST | 2025-09 | $1,598,000 | 2,182 | 48.1% |
| 97 COLUMBUS DR | 2025-12 | $1,100,000 | 1,796 | 41.3% |
| 34 PIERMONT RD | 2025-09 | $765,000 | 1,942 | 61.2% |
| 314 KNICKERBOCKER RD | 2026-05 | $899,000 | 2,048 | 60.9% |
| 54 WINDSOR RD | 2025-04 | $999,900 | 2,550 | 33.4% |
| 99 OXFORD DR | 2025-11 | $2,350,000 | 2,845 | 56.6% |
| 52 N LYLE AVE | 2025-10 | $1,300,000 | 1,638 | 40.8% |
| 99 JEFFERSON AVE | 2025-04 | $965,000 | 2,145 | 64.0% |
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