The Fair Share Report
550 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 $665,248 – $969,085, 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 $767,606 home should be assessed near $123,431.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,431 below what the ratio math suggests (8.5%).
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
6%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 |
|---|---|---|---|---|
| 291 LAUREL AVE | 2025-08 | $800,000 | 2,184 | 16.7% |
| 305 STEWART AVE | 2025-11 | $730,000 | 2,112 | 18.2% |
| 83 BERGEN AVE | 2026-01 | $938,888 | 2,112 | 13.6% |
| 475 ELM ST | 2025-09 | $350,000 | — | 11.0% |
| 117 PARK PL | 2025-08 | $710,000 | 2,338 | 15.9% |
| 101 LINDEN AVE | 2025-09 | $675,000 | 2,091 | 18.8% |
| 269 SCHUYLER AVE | 2025-09 | $785,000 | 2,484 | 15.7% |
| 511 DAVIS AVE | 2026-03 | $850,000 | 2,414 | 16.4% |
| 53 DEVON TERR | 2026-05 | $870,000 | 2,056 | 13.3% |
| 63 E MIDLAND AVE | 2025-08 | $890,000 | 1,960 | 16.4% |
| 112 DEVON TERR | 2025-08 | $825,000 | 1,914 | 14.6% |
| 330 HICKORY ST | 2025-12 | $795,000 | 2,226 | 15.6% |
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