The Fair Share Report
848 Devon St
Kearny, NJ 07032
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Kearny's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $462,800 – $580,418, 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 $530,400 home should be assessed near $85,288.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,088 below what the ratio math suggests (16.5%).
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%24%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 46 W BENNETT AVE | 2025-06 | $775,000 | 1,476 | 14.7% |
| 56 TAPPAN ST | 2025-07 | $550,000 | 1,476 | 15.3% |
| 131 SANFORD AVE | 2025-07 | $555,000 | 1,472 | 11.2% |
| 56 HIGHLAND AVE | 2025-08 | $471,000 | 1,456 | 15.2% |
| 124 BELGROVE DR | 2026-04 | $430,000 | 1,614 | 18.3% |
| 244 FOREST ST | 2026-01 | $520,000 | 1,450 | 16.8% |
| 288 ELM ST | 2025-09 | $440,000 | 1,575 | 15.4% |
| 73 WILLIAM ST | 2025-08 | $605,000 | 1,548 | 14.7% |
| 224 OAKWOOD AVE | 2025-02 | $634,375 | 1,450 | 15.8% |
| 812 CHESTNUT ST | 2024-12 | $550,000 | 1,430 | 14.5% |
| 304 DAVIS AVE | 2025-10 | $390,000 | 1,280 | 20.1% |
| 265 HICKORY ST | 2025-03 | $490,000 | 1,382 | 14.4% |
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