The Fair Share Report
20 Walnut
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 $370,971 – $458,193, from 12 comparable Keyport 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 Keyport assessments sit below market value — republished every October, applied town-wide. A $435,582 home should be assessed near $424,910.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $80,210 below what the ratio math suggests (18.9%).
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 $1.728 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
70%116%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 35 MYRTLE AVE | 2025-04 | $435,000 | 1,020 | 95.4% |
| 48 PINE | 2026-01 | $402,500 | 1,068 | 111.2% |
| 104 CHURCH | 2026-03 | $511,000 | 1,098 | 77.3% |
| 87 CHURCH ST | 2026-04 | $505,000 | 936 | 78.9% |
| 195 ATLANTIC | 2026-01 | $435,000 | 1,200 | 110.2% |
| 8 CHINGARORA | 2026-01 | $515,000 | 1,200 | 88.8% |
| 14 MAY | 2025-02 | $415,000 | 1,086 | 101.0% |
| 297 WASHINGTON | 2025-02 | $370,000 | 1,008 | 97.2% |
| 127 CHINGARORA | 2026-01 | $530,000 | 1,263 | 95.4% |
| 61 GREEN GROVE | 2026-01 | $410,000 | 936 | 97.1% |
| 61 GREEN GROVE | 2025-01 | $410,000 | 936 | 97.1% |
| 75 BROAD ST | 2026-03 | $400,000 | 1,372 | 109.8% |
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