The Fair Share Report

661 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

≈ $740,947

Likely range $687,084 – $849,042, 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 $740,947 home should be assessed near $119,144.

Step 3 · Assessed value

$115,900

Set at the last town-wide revaluation and mostly frozen since. That's $3,244 below what the ratio math suggests (2.7%).

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

$12,573/yr
Public schools$5,939
Hudson County$2,222
Town of Kearny$4,412
Kearny average$10,749

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

Town median 15.5%
This home · 15.6%

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)

AddressSoldPriceSq ftRatio
250 HIGHLAND AVENUE2025-11$785,0002,17211.6%
117 DAVIS AVE2025-10$735,0002,10412.2%
119 DAVIS AVE2025-08$830,0002,10412.0%
703 SCHUYLER AVE2026-02$825,0002,10413.1%
323 DEVON STREET2025-05$750,0002,43211.8%
62 WILSON AVE2025-11$810,0002,64016.5%
211 WILSON AVE2025-09$534,3881,96416.7%
688 DEVON ST2025-01$569,0001,89015.1%
250 MAPLE ST2025-11$760,0002,07211.2%
4 TAPPAN ST2025-06$700,0002,15414.9%
486 DEVON ST2026-01$700,0002,08213.8%
438 DEVON ST2025-11$760,0002,37817.7%

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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 →