The Fair Share Report
503 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 $403,071 – $535,000, from 12 comparable Kearny sales in the past 18 months, at this home's 1,188 sq ft.
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 $499,812 home should be assessed near $80,370.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,270 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 |
|---|---|---|---|---|
| 670 DEVON ST | 2026-06 | $485,000 | 1,200 | 14.8% |
| 373 HICKORY ST | 2025-11 | $405,000 | 1,040 | 14.3% |
| 188 HOYT ST | 2025-08 | $528,000 | 1,255 | 13.6% |
| 407 ELM ST | 2025-07 | $400,000 | 1,372 | 16.8% |
| 43 JOHN ST | 2025-03 | $380,000 | 1,120 | 7.8% |
| 405 ELM ST | 2026-02 | $400,000 | 1,184 | 14.3% |
| 425 DAVIS AVE | 2026-04 | $415,000 | 1,044 | 16.6% |
| 387-389 FOREST ST | 2025-05 | $510,000 | 1,032 | 16.6% |
| 31 CHESTNUT ST | 2026-01 | $380,000 | 1,224 | 21.3% |
| 278 FOREST ST | 2025-09 | $535,000 | 1,188 | 15.9% |
| 141 OAKWOOD AVE | 2025-04 | $678,000 | 1,157 | 15.2% |
| 242 MIDLAND AVE | 2026-04 | $655,000 | 1,415 | 14.0% |
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