The Fair Share Report
715 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 $363,246 – $532,199, 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 $448,595 home should be assessed near $72,134.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,434 below what the ratio math suggests (22.8%).
Step 4 · The tax rate — same for every Kearny home
$5.124 Schools · 47% $1.917 County · 18% $3.806 Town · 35%
This home's own bill implies $10.399 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Kearny sale · assessed ÷ market
5%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 |
|---|---|---|---|---|
| 188 HOYT ST | 2025-08 | $528,000 | 1,255 | 13.6% |
| 585 CHESTNUT ST | 2025-06 | $480,000 | 1,345 | 12.6% |
| 670 DEVON ST | 2026-06 | $485,000 | 1,200 | 14.8% |
| 407 ELM ST | 2025-07 | $400,000 | 1,372 | 16.8% |
| 676 1/2 CHESTNUT ST | 2025-05 | $422,000 | 1,394 | 14.8% |
| 43 JOHN ST | 2025-03 | $380,000 | 1,120 | 7.8% |
| 333 1/2 FOREST ST | 2025-02 | $338,400 | 1,260 | 12.8% |
| 728 DEVON ST | 2026-06 | $570,000 | 1,280 | 16.7% |
| 304 DAVIS AVE | 2025-10 | $390,000 | 1,280 | 20.1% |
| 425 DAVIS AVE | 2026-04 | $415,000 | 1,044 | 16.6% |
| 290 STEWART AVE | 2025-03 | $415,000 | 1,329 | 19.4% |
| 27 JOHNSTON AVE | 2025-01 | $408,000 | 1,000 | 15.4% |
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