The Fair Share Report
276 First
Keyport, NJ 07733
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Keyport's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $550,059 – $713,863, 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 $610,533 home should be assessed near $595,575.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $98,225 above what the ratio math suggests (16.5%).
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 $1.831 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%132%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 72 FIRST | 2026-06 | $710,000 | 2,096 | 93.5% |
| 276 MAIN ST | 2025-03 | $585,000 | 2,057 | 105.3% |
| 40 CHURCH STREET | 2026-03 | $360,000 | 2,039 | 106.1% |
| 142 WASHINGTON | 2025-02 | $560,000 | 2,062 | 101.2% |
| 1 HOBART | 2026-01 | $450,000 | 2,258 | 114.5% |
| 30 CHINGARORA | 2025-05 | $550,000 | 1,904 | 96.3% |
| 80 FULTON | 2026-05 | $750,000 | 1,912 | 69.2% |
| 23 RARITAN COVE | 2026-01 | $695,000 | 2,345 | 77.2% |
| 88 JACKSON | 2025-03 | $600,000 | 1,907 | 100.0% |
| 44 CHURCH | 2025-04 | $470,000 | 1,474 | 100.6% |
| 64 FULTON | 2025-03 | $585,000 | 2,148 | 100.5% |
| 127 CHINGARORA | 2026-01 | $530,000 | 1,263 | 95.4% |
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