The Fair Share Report

70 E Front

Keyport, NJ 07735

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

≈ $392,236

Likely range $315,860 – $421,546, from 12 comparable Keyport sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

97.55%

The state's official measure of how far Keyport assessments sit below market value — republished every October, applied town-wide. A $392,236 home should be assessed near $382,626.

Step 3 · Assessed value

$393,600

Set at the last town-wide revaluation and mostly frozen since. That's $10,974 above what the ratio math suggests (2.9%).

Step 4 · The tax rate — same for every Keyport home

$1.991 per $100 assessed

$0.999 Schools · 50% $0.205 County · 10% $0.787 Town · 40%

This home's own bill implies $1.834 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,217/yr
Public schools$3,621
Monmouth County$743
Town of Keyport$2,853
Keyport average$9,216

This home vs. every recent Keyport sale · assessed ÷ market

Town median 97.1%
This home · 100.3%

73%130%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
107 BEERS2025-04$415,000948100.6%
61 GREEN GROVE2026-01$410,00093697.1%
61 GREEN GROVE2025-01$410,00093697.1%
14 CEDAR ST2026-01$520,5201,09788.6%
87 CHURCH ST2026-04$505,00093678.9%
297 WASHINGTON2025-02$370,0001,00897.2%
231 ATLANTIC ST UNIT 832026-04$329,000968102.1%
231 ATLANTIC ST UNIT 812025-06$322,500968104.1%
187 WASHINGTON2026-06$580,0001,22795.9%
14 MAY2025-02$415,0001,086101.0%
9 MONMOUTH PL2026-01$485,0001,39292.3%
48 PINE2026-01$402,5001,068111.2%

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