The Fair Share Report

101 Randolph Ave

Upper, NJ 08248

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

≈ $873,399

Likely range $464,702 – $2,067,410, 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 $873,399 home should be assessed near $494,781.

Step 3 · Assessed value

$716,300

Set at the last town-wide revaluation and mostly frozen since. That's $221,519 above what the ratio math suggests (44.8%).

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

$16,747/yr
Public schools$11,991
Cape May County$2,407
Town of Upper$2,349
Upper average$6,686

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

Town median 55.3%
This home · 82.0%

29%160%

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
17 E GOLDEN OAK LA2026-02$842,5002,20252.2%
14 TOWNSEND RD2026-02$275,0001,70669.7%
14 LYNDHURST RD2026-04$515,0001,99244.2%
18 E VINCENT AVE2025-08$1,999,9992,90437.3%
15 SEAVIEW AVE2025-07$540,0001,88243.1%
727 RT 502025-06$470,0002,03953.0%
31 SEAVIEW AVE2025-04$535,0001,66451.5%
903 S COMMONWEALTH2026-03$2,475,0002,26053.4%
26 E WEBSTER AVE2025-02$2,237,5002,31336.8%
36 E HOLLYWOOD LA2025-12$950,0002,59242.1%
2334 RT 502025-12$330,0002,09963.4%
33 E SUMNER AVE2025-03$3,100,0002,37233.2%

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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 →