The Fair Share Report

74 Division

Keyport, NJ 07747

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.

Step 1 · Market value

≈ $482,397

Likely range $445,977 – $537,134, from 12 comparable Keyport sales in the past 18 months, at this home's 1,280 sq ft.

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 $482,397 home should be assessed near $470,578.

Step 3 · Assessed value

$359,500

Set at the last town-wide revaluation and mostly frozen since. That's $111,078 below what the ratio math suggests (23.6%).

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 $1.843 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$6,625/yr
Public schools$3,324
Monmouth County$682
Town of Keyport$2,619
Keyport average$9,216

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

Town median 97.1%
This home · 74.5%

61%116%

Keep quiet and enjoy it

This home's assessment ratio sits below the Keyport pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
75 BROAD ST2026-03$400,0001,372109.8%
127 CHINGARORA2026-01$530,0001,26395.4%
195 ATLANTIC2026-01$435,0001,200110.2%
8 CHINGARORA2026-01$515,0001,20088.8%
48 PINE2026-01$402,5001,068111.2%
44 CHURCH2025-04$470,0001,474100.6%
138 THIRD2026-04$523,8271,47083.3%
104 CHURCH2026-03$511,0001,09877.3%
14 MAY2025-02$415,0001,086101.0%
187 WASHINGTON2026-06$580,0001,22795.9%
9 MONMOUTH PL2026-01$485,0001,39292.3%
84 ELIZABETH STREET2025-03$601,0001,53988.9%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →