The Fair Share Report
32 Monroe
Keyport, NJ 07718
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 $382,697 – $515,054, 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 $417,709 home should be assessed near $407,475.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,225 above what the ratio math suggests (14.0%).
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 $1.794 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%127%
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 |
|---|---|---|---|---|
| 308 MAIN | 2026-05 | $716,000 | 1,459 | 79.6% |
| 104 THERESE | 2026-03 | $530,000 | 1,449 | 94.4% |
| 107 BEERS | 2025-04 | $415,000 | 948 | 100.6% |
| 231 ATLANTIC ST UNIT 55 | 2026-05 | $390,000 | 1,126 | 97.3% |
| 187 WASHINGTON | 2026-06 | $580,000 | 1,227 | 95.9% |
| 127 CHINGARORA | 2026-01 | $530,000 | 1,263 | 95.4% |
| 9 MONMOUTH PL | 2026-01 | $485,000 | 1,392 | 92.3% |
| 231 ATLANTIC ST UNIT 83 | 2026-04 | $329,000 | 968 | 102.1% |
| 231 ATLANTIC ST UNIT 81 | 2025-06 | $322,500 | 968 | 104.1% |
| 14 COLUCO PLACE | 2025-05 | $450,000 | 1,394 | 101.9% |
| 12 COLUCO PLACE | 2025-03 | $450,000 | 1,394 | 101.9% |
| 6 OCTAVIA | 2026-04 | $436,000 | 1,526 | 112.0% |
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