The Fair Share Report
563 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 $536,674 – $868,168, 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 $713,785 home should be assessed near $114,777.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,577 below what the ratio math suggests (6.6%).
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%25%
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 |
|---|---|---|---|---|
| 450 DAVIS AVE | 2025-04 | $625,000 | 1,958 | 14.1% |
| 4 TAPPAN ST | 2025-06 | $700,000 | 2,154 | 14.9% |
| 317 DAVIS AVE | 2026-01 | $565,000 | 2,080 | 16.3% |
| 703 SCHUYLER AVE | 2026-02 | $825,000 | 2,104 | 13.1% |
| 68 QUINCY AVE | 2026-01 | $650,000 | 1,848 | 15.2% |
| 119 DAVIS AVE | 2025-08 | $830,000 | 2,104 | 12.0% |
| 117 DAVIS AVE | 2025-10 | $735,000 | 2,104 | 12.2% |
| 145 HOYT ST | 2025-06 | $825,000 | 1,952 | 20.5% |
| 211 WILSON AVE | 2025-09 | $534,388 | 1,964 | 16.7% |
| 250 HIGHLAND AVENUE | 2025-11 | $785,000 | 2,172 | 11.6% |
| 108 STEWART AVE | 2025-07 | $555,000 | 2,296 | 18.5% |
| 486 DEVON ST | 2026-01 | $700,000 | 2,082 | 13.8% |
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