The Fair Share Report

90 First

Keyport, NJ 07730

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

≈ $584,375

Likely range $513,425 – $703,837, 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 $584,375 home should be assessed near $570,058.

Step 3 · Assessed value

$698,500

Set at the last town-wide revaluation and mostly frozen since. That's $128,442 above what the ratio math suggests (22.5%).

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 $1.861 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$13,002/yr
Public schools$6,524
Monmouth County$1,339
Town of Keyport$5,139
Keyport average$9,216

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

Town median 97.1%
This home · 119.5%

73%141%

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

AddressSoldPriceSq ftRatio
72 FIRST2026-06$710,0002,09693.5%
276 MAIN ST2025-03$585,0002,057105.3%
40 CHURCH STREET2026-03$360,0002,039106.1%
84 ELIZABETH STREET2025-03$601,0001,53988.9%
142 WASHINGTON2025-02$560,0002,062101.2%
80 FULTON2026-05$750,0001,91269.2%
1 HOBART2026-01$450,0002,258114.5%
88 JACKSON2025-03$600,0001,907100.0%
90 ST. PETERS PLACE2026-06$742,0001,64785.3%
64 FULTON2025-03$585,0002,148100.5%
30 CHINGARORA2025-05$550,0001,90496.3%
23 RARITAN COVE2026-01$695,0002,34577.2%

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