The Fair Share Report

593 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.

Step 1 · Market value

≈ $480,159

Likely range $344,232 – $530,358, from 12 comparable Kearny sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

16.08%

The state's official measure of how far Kearny assessments sit below market value — republished every October, applied town-wide. A $480,159 home should be assessed near $77,210.

Step 3 · Assessed value

$48,600

Set at the last town-wide revaluation and mostly frozen since. That's $28,610 below what the ratio math suggests (37.1%).

Step 4 · The tax rate — same for every Kearny home

$10.847 per $100 assessed

$5.124 Schools · 47% $1.917 County · 18% $3.806 Town · 35%

Step 5 · The bill

$5,272/yr
Public schools$2,490
Hudson County$932
Town of Kearny$1,850
Kearny average$10,749

This home vs. every recent Kearny sale · assessed ÷ market

Town median 15.5%
This home · 10.1%

4%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)

AddressSoldPriceSq ftRatio
188 HOYT ST2025-08$528,0001,25513.6%
670 DEVON ST2026-06$485,0001,20014.8%
585 CHESTNUT ST2025-06$480,0001,34512.6%
43 JOHN ST2025-03$380,0001,1207.8%
407 ELM ST2025-07$400,0001,37216.8%
676 1/2 CHESTNUT ST2025-05$422,0001,39414.8%
333 1/2 FOREST ST2025-02$338,4001,26012.8%
27 JOHNSTON AVE2025-01$408,0001,00015.4%
373 HICKORY ST2025-11$405,0001,04014.3%
728 DEVON ST2026-06$570,0001,28016.7%
425 DAVIS AVE2026-04$415,0001,04416.6%
304 DAVIS AVE2025-10$390,0001,28020.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →