The Fair Share Report
240 First
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 $552,510 – $706,174, 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 $628,860 home should be assessed near $613,453.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,347 above what the ratio math suggests (6.6%).
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 $1.845 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%124%
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 |
|---|---|---|---|---|
| 72 FIRST | 2026-06 | $710,000 | 2,096 | 93.5% |
| 142 WASHINGTON | 2025-02 | $560,000 | 2,062 | 101.2% |
| 30 CHINGARORA | 2025-05 | $550,000 | 1,904 | 96.3% |
| 40 CHURCH STREET | 2026-03 | $360,000 | 2,039 | 106.1% |
| 209 BROADWAY | 2026-01 | $450,000 | 1,764 | 96.4% |
| 138 THIRD | 2026-04 | $523,827 | 1,470 | 83.3% |
| 23 RARITAN COVE | 2026-01 | $695,000 | 2,345 | 77.2% |
| 1 HOBART | 2026-01 | $450,000 | 2,258 | 114.5% |
| 64 FULTON | 2025-03 | $585,000 | 2,148 | 100.5% |
| 36 WASHINGTON ST. | 2025-03 | $525,000 | 1,768 | 101.3% |
| 276 MAIN ST | 2025-03 | $585,000 | 2,057 | 105.3% |
| 3 RARITAN COVE | 2025-05 | $645,000 | 2,488 | 76.8% |
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