The Fair Share Report

1 Cindy La

Upper, NJ 08223

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

≈ $342,507

Likely range $301,154 – $379,826, from 12 comparable Upper sales in the past 18 months, at this home's 1,008 sq ft.

Step 2 · The Director's Ratio

56.65%

The state's official measure of how far Upper assessments sit below market value — republished every October, applied town-wide. A $342,507 home should be assessed near $194,030.

Step 3 · Assessed value

$211,400

Set at the last town-wide revaluation and mostly frozen since. That's $17,370 above what the ratio math suggests (9.0%).

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

$2.303 per $100 assessed

$1.649 Schools · 72% $0.331 County · 14% $0.323 Town · 14%

Step 5 · The bill

$5,107/yr
Public schools$3,657
Cape May County$734
Town of Upper$716
Upper average$6,686

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

Town median 55.3%
This home · 61.7%

36%79%

Paying about right

This home's ratio lands inside Upper's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
109 OCEAN AVE2025-10$386,0001,13646.6%
18 PACIFIC AVE2025-08$390,00091248.1%
318 NORTH SHORE RD2025-04$500,0001,29640.5%
30 BRYAN RD2025-03$394,0001,10453.7%
9 SLEEPY HOLLOW RD2025-06$275,0001,18073.2%
34 E MAPLESHADE LA2025-10$350,00095153.1%
100 BAYVIEW AVE2026-01$440,0001,11847.5%
530 NORTH SHORE RD2026-02$475,0001,38047.3%
20 CORSON TAVERN RD2025-05$320,0001,03251.9%
34 NORTH SHORE RD2025-01$450,0001,33245.8%
202 PACIFIC AVE2025-06$379,9001,39856.4%
604 KEATS AVE2025-08$435,0001,45655.5%

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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 →