The Fair Share Report
194 Second
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $340,817 – $431,026, from 12 comparable Keyport sales in the past 18 months, at this home's 984 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Keyport assessments sit below market value — republished every October, applied town-wide. A $370,843 home should be assessed near $361,757.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $112,943 above what the ratio math suggests (31.2%).
Step 4 · The tax rate — same for every Keyport home
$0.999 Schools · 50% $0.205 County · 10% $0.787 Town · 40%
This home's own bill implies $1.823 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Keyport sale · assessed ÷ market
73%145%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,249/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 231 ATLANTIC ST UNIT 83 | 2026-04 | $329,000 | 968 | 102.1% |
| 231 ATLANTIC ST UNIT 81 | 2025-06 | $322,500 | 968 | 104.1% |
| 107 BEERS | 2025-04 | $415,000 | 948 | 100.6% |
| 14 CEDAR ST | 2026-01 | $520,520 | 1,097 | 88.6% |
| 187 WASHINGTON | 2026-06 | $580,000 | 1,227 | 95.9% |
| 231 ATLANTIC ST UNIT 55 | 2026-05 | $390,000 | 1,126 | 97.3% |
| 297 WASHINGTON | 2025-02 | $370,000 | 1,008 | 97.2% |
| 61 GREEN GROVE | 2026-01 | $410,000 | 936 | 97.1% |
| 61 GREEN GROVE | 2025-01 | $410,000 | 936 | 97.1% |
| 14 MAY | 2025-02 | $415,000 | 1,086 | 101.0% |
| 48 PINE | 2026-01 | $402,500 | 1,068 | 111.2% |
| 195 ATLANTIC | 2026-01 | $435,000 | 1,200 | 110.2% |
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