The Fair Share Report
515 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 $510,982 – $672,928, 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 $552,848 home should be assessed near $88,898.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,098 below what the ratio math suggests (1.2%).
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 |
|---|---|---|---|---|
| 242 MIDLAND AVE | 2026-04 | $655,000 | 1,415 | 14.0% |
| 22 TRINITY PL | 2025-02 | $535,000 | 1,542 | 15.3% |
| 18-20 ARGYLE PLACE | 2025-11 | $806,000 | 1,677 | 12.7% |
| 77 PAVONIA AVENUE | 2026-04 | $560,000 | 1,622 | 16.3% |
| 46 OAKWOOD AVENUE | 2025-08 | $545,000 | 1,592 | 15.8% |
| 1 PINE ST | 2025-07 | $760,000 | 1,780 | 11.9% |
| 203 BRIGHTON AVE | 2025-06 | $526,000 | 1,534 | 14.6% |
| 30 PEDEN TERR | 2025-05 | $582,500 | 1,521 | 19.3% |
| 147-149 HICKORY ST | 2025-09 | $535,000 | 1,552 | 20.1% |
| 141 HICKORY ST | 2025-03 | $620,000 | 1,552 | 17.7% |
| 841 SCHUYLER AVE | 2025-06 | $622,000 | 1,700 | 11.6% |
| 466 DEVON ST | 2025-02 | $450,000 | 1,490 | 17.2% |
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