The Fair Share Report
841 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 $369,143 – $484,500, from 12 comparable Kearny sales in the past 18 months, at this home's 1,088 sq ft.
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 $457,740 home should be assessed near $73,605.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,695 above what the ratio math suggests (45.8%).
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%35%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (18.49%) — roughly $3,655/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 405 ELM ST | 2026-02 | $400,000 | 1,184 | 14.3% |
| 7 FULLER PL | 2025-11 | $565,000 | 1,120 | 14.1% |
| 304 DAVIS AVE | 2025-10 | $390,000 | 1,280 | 20.1% |
| 425 DAVIS AVE | 2026-04 | $415,000 | 1,044 | 16.6% |
| 43 JOHN ST | 2025-03 | $380,000 | 1,120 | 7.8% |
| 728 DEVON ST | 2026-06 | $570,000 | 1,280 | 16.7% |
| 13 MAGNOLIA AVE | 2025-08 | $601,000 | 1,216 | 14.5% |
| 141 OAKWOOD AVE | 2025-04 | $678,000 | 1,157 | 15.2% |
| 670 DEVON ST | 2026-06 | $485,000 | 1,200 | 14.8% |
| 29 ALEXANDER AVE | 2025-04 | $510,000 | 1,208 | 15.2% |
| 774 CHESTNUT ST | 2025-03 | $580,000 | 1,314 | 14.3% |
| 373 HICKORY ST | 2025-11 | $405,000 | 1,040 | 14.3% |
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