The Fair Share Report

101 Bayview Ave

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

≈ $415,437

Likely range $402,167 – $497,029, from 12 comparable Upper sales in the past 18 months, at this home's 1,444 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 $415,437 home should be assessed near $235,345.

Step 3 · Assessed value

$222,700

Set at the last town-wide revaluation and mostly frozen since. That's $12,645 below what the ratio math suggests (5.4%).

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

$5,380/yr
Public schools$3,853
Cape May County$773
Town of Upper$755
Upper average$6,686

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

Town median 55.3%
This home · 53.6%

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
604 KEATS AVE2025-08$435,0001,45655.5%
740 EAST DR2025-09$385,0001,37650.3%
34 NORTH SHORE RD2025-01$450,0001,33245.8%
13 REDWISH AVE2025-01$520,0001,38045.1%
202 PACIFIC AVE2025-06$379,9001,39856.4%
46 CHURCH RD2025-11$435,0001,51256.9%
344 ESSEX AVE2026-04$410,0001,46451.8%
8 REDWISH AVE2025-06$675,0001,54641.8%
546 STAGECOACH RD2025-04$381,0001,36853.8%
1 BLACK OAK DR2026-04$290,0001,78281.5%
318 NORTH SHORE RD2025-04$500,0001,29640.5%
44 WHITE OAK DR2025-11$493,9801,78249.5%

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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 →