The Fair Share Report

131 Third

Keyport, NJ 07735

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

≈ $562,559

Likely range $498,551 – $723,203, from 12 comparable Keyport sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

97.55%

The state's official measure of how far Keyport assessments sit below market value — republished every October, applied town-wide. A $562,559 home should be assessed near $548,776.

Step 3 · Assessed value

$558,000

Set at the last town-wide revaluation and mostly frozen since. That's $9,224 above what the ratio math suggests (1.7%).

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

$1.991 per $100 assessed

$0.999 Schools · 50% $0.205 County · 10% $0.787 Town · 40%

Step 5 · The bill

$11,470/yr
Public schools$5,755
Monmouth County$1,181
Town of Keyport$4,534
Keyport average$9,216

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

Town median 97.1%
This home · 99.2%

72%117%

Paying about right

This home's ratio lands inside Keyport'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
104 THERESE2026-03$530,0001,44994.4%
88 JACKSON2025-03$600,0001,907100.0%
36 WASHINGTON ST.2025-03$525,0001,768101.3%
229 OSBORN STREET2025-04$375,0001,750148.3%
308 MAIN2026-05$716,0001,45979.6%
1 HOBART2026-01$450,0002,258114.5%
6 OCTAVIA2026-04$436,0001,526112.0%
90 ST. PETERS PLACE2026-06$742,0001,64785.3%
80 FULTON2026-05$750,0001,91269.2%
209 BROADWAY2026-01$450,0001,76496.4%
276 MAIN ST2025-03$585,0002,057105.3%
9 MONMOUTH PL2026-01$485,0001,39292.3%

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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 →