The Fair Share Report

100 Narrows Rd

Upper, NJ 08270

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

≈ $548,352

Likely range $509,378 – $685,404, from 12 comparable Upper sales in the past 18 months (home size estimated from assessor data — range widened).

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 $548,352 home should be assessed near $310,641.

Step 3 · Assessed value

$272,600

Set at the last town-wide revaluation and mostly frozen since. That's $38,041 below what the ratio math suggests (12.2%).

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

$6,763/yr
Public schools$4,843
Cape May County$972
Town of Upper$949
Upper average$6,686

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

Town median 55.3%
This home · 49.7%

34%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
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%
1731 RT US 9 SO #412025-07$480,0002,00262.4%
1731 RT US 9 SO #282025-06$525,0002,00254.6%
1731 RT US 9 SO #1222025-03$475,0002,00260.4%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
825 STAGECOACH RD2026-06$881,3302,87958.8%
23 GLORY RD2025-02$625,0001,89240.0%
903 S COMMONWEALTH2026-03$2,475,0002,26053.4%
26 E WEBSTER AVE2025-02$2,237,5002,31336.8%
9 N COMMONWEALTH AVE2025-01$1,750,0002,29163.3%
4 HUNTINGTON LA2026-03$660,0002,00548.5%

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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 →