The Fair Share Report
867 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 $660,610 – $1,057,701, 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 $837,622 home should be assessed near $134,690.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,310 above what the ratio math suggests (21.0%).
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%30%
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 |
|---|---|---|---|---|
| 78-80 IVY ST | 2025-01 | $1,170,000 | 3,348 | 15.0% |
| 82 PLEASANT PL | 2026-05 | $630,000 | 2,680 | 23.7% |
| 431 FOREST ST | 2026-06 | $1,240,000 | 3,266 | 16.8% |
| 191 KEARNY AVE | 2025-07 | $980,000 | 2,686 | 13.6% |
| 400 CHESTNUT ST | 2025-01 | $760,000 | 2,798 | 17.1% |
| 7 WEBSTER AVE | 2025-10 | $620,000 | 2,792 | 20.3% |
| 263 LAUREL AVE | 2025-05 | $850,000 | 2,923 | 18.2% |
| 16 PARK PL | 2025-10 | $560,000 | 3,006 | 16.6% |
| 32 ANN ST | 2025-10 | $855,000 | 2,456 | 12.3% |
| 86-88 IVY ST | 2025-04 | $855,000 | 2,706 | 17.0% |
| 4 W BENNETT AVE | 2025-03 | $653,000 | 2,682 | 17.8% |
| 520 SCHUYLER AVE | 2026-05 | $760,000 | 2,624 | 11.6% |
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