The Fair Share Report

88 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.

Step 1 · Market value

≈ $680,518

Likely range $591,367 – $801,741, from 12 comparable Kearny sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

16.08%

The state's official measure of how far Kearny assessments sit below market value — republished every October, applied town-wide. A $680,518 home should be assessed near $109,427.

Step 3 · Assessed value

$104,000

Set at the last town-wide revaluation and mostly frozen since. That's $5,427 below what the ratio math suggests (5.0%).

Step 4 · The tax rate — same for every Kearny home

$10.847 per $100 assessed

$5.124 Schools · 47% $1.917 County · 18% $3.806 Town · 35%

Step 5 · The bill

$11,282/yr
Public schools$5,329
Hudson County$1,994
Town of Kearny$3,959
Kearny average$10,749

This home vs. every recent Kearny sale · assessed ÷ market

Town median 15.5%
This home · 15.3%

7%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)

AddressSoldPriceSq ftRatio
18 JOHN ST2025-06$550,0002,19813.0%
4 TAPPAN ST2025-06$700,0002,15414.9%
317 DAVIS AVE2026-01$565,0002,08016.3%
516 FOREST STREET2026-05$668,0002,44013.0%
206 HIGHLAND AVE2026-05$875,0002,54814.8%
42 PAVONIA AVE2026-01$695,0001,68517.1%
250 MAPLE ST2025-11$760,0002,07211.2%
369 MAPLE ST2025-04$765,0002,68017.4%
104 BERGEN AVE2025-06$685,0002,72813.6%
250 HIGHLAND AVENUE2025-11$785,0002,17211.6%
450 DAVIS AVE2025-04$625,0001,95814.1%
41 HALSTEAD ST2025-01$830,0002,75013.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →