The Fair Share Report
51 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 $422,464 – $548,731, 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 $523,675 home should be assessed near $510,845.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $145,155 above what the ratio math suggests (28.4%).
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 $1.847 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%161%
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 $2,890/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 138 THIRD | 2026-04 | $523,827 | 1,470 | 83.3% |
| 44 CHURCH | 2025-04 | $470,000 | 1,474 | 100.6% |
| 209 BROADWAY | 2026-01 | $450,000 | 1,764 | 96.4% |
| 6 OCTAVIA | 2026-04 | $436,000 | 1,526 | 112.0% |
| 9 MONMOUTH PL | 2026-01 | $485,000 | 1,392 | 92.3% |
| 104 THERESE | 2026-03 | $530,000 | 1,449 | 94.4% |
| 30 CHINGARORA | 2025-05 | $550,000 | 1,904 | 96.3% |
| 75 BROAD ST | 2026-03 | $400,000 | 1,372 | 109.8% |
| 36 WASHINGTON ST. | 2025-03 | $525,000 | 1,768 | 101.3% |
| 14 MAY | 2025-02 | $415,000 | 1,086 | 101.0% |
| 13 THERESE AVE | 2025-05 | $533,000 | 1,584 | 98.3% |
| 127 CHINGARORA | 2026-01 | $530,000 | 1,263 | 95.4% |
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