The Fair Share Report
463 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 $486,879 – $627,294, 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 $550,743 home should be assessed near $88,559.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,159 below what the ratio math suggests (11.5%).
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 |
|---|---|---|---|---|
| 46 W BENNETT AVE | 2025-06 | $775,000 | 1,476 | 14.7% |
| 812 CHESTNUT ST | 2024-12 | $550,000 | 1,430 | 14.5% |
| 157 STUYVESANT AVE | 2025-05 | $555,000 | 1,332 | 16.0% |
| 244 FOREST ST | 2026-01 | $520,000 | 1,450 | 16.8% |
| 131 SANFORD AVE | 2025-07 | $555,000 | 1,472 | 11.2% |
| 480 BELGROVE DR | 2025-04 | $490,000 | 1,422 | 15.2% |
| 206 SANFORD AVE | 2025-01 | $585,000 | 1,554 | 12.4% |
| 423 DEVON ST | 2025-03 | $410,000 | 1,552 | 18.4% |
| 265 HICKORY ST | 2025-03 | $490,000 | 1,382 | 14.4% |
| 466 DEVON ST | 2025-02 | $450,000 | 1,490 | 17.2% |
| 224 OAKWOOD AVE | 2025-02 | $634,375 | 1,450 | 15.8% |
| 203 BRIGHTON AVE | 2025-06 | $526,000 | 1,534 | 14.6% |
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