The Fair Share Report
87 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 $525,510 – $752,855, 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 $675,824 home should be assessed near $108,672.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,772 below 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
6%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 |
|---|---|---|---|---|
| 112 DEVON TERR | 2025-08 | $825,000 | 1,914 | 14.6% |
| 133 HICKORY ST | 2025-03 | $460,000 | 1,667 | 20.1% |
| 74 DUKES ST | 2025-09 | $600,000 | 1,564 | 13.2% |
| 52 JOHN ST | 2026-04 | $450,000 | 1,776 | 16.4% |
| 409 FOREST ST | 2025-06 | $620,000 | 1,548 | 16.0% |
| 475 ELM ST | 2025-09 | $350,000 | — | 11.0% |
| 83 BERGEN AVE | 2026-01 | $938,888 | 2,112 | 13.6% |
| 291 LAUREL AVE | 2025-08 | $800,000 | 2,184 | 16.7% |
| 305 STEWART AVE | 2025-11 | $730,000 | 2,112 | 18.2% |
| 18 SCHUYLER AVE | 2026-04 | $629,000 | 1,836 | 14.3% |
| 8 LINCOLN AVE | 2025-11 | $560,000 | 1,854 | 11.4% |
| 117 PARK PL | 2025-08 | $710,000 | 2,338 | 15.9% |
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