The Fair Share Report

109 Taylor Ave

Upper, NJ 08077

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

≈ $502,073

Likely range $381,078 – $571,608, 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 $502,073 home should be assessed near $284,424.

Step 3 · Assessed value

$529,300

Set at the last town-wide revaluation and mostly frozen since. That's $244,876 above what the ratio math suggests (86.1%).

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

$12,375/yr
Public schools$8,861
Cape May County$1,779
Town of Upper$1,736
Upper average$6,686

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

Town median 55.3%
This home · 105.4%

36%144%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (65.15%) — roughly $5,639/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
14 TOWNSEND RD2026-02$275,0001,70669.7%
17 E GOLDEN OAK LA2026-02$842,5002,20252.2%
15 SEAVIEW AVE2025-07$540,0001,88243.1%
14 LYNDHURST RD2026-04$515,0001,99244.2%
31 SEAVIEW AVE2025-04$535,0001,66451.5%
727 RT 502025-06$470,0002,03953.0%
29 STANHOPE RD2025-08$330,0001,57867.7%
30 E WILLARD AVE2026-01$2,500,0001,50732.0%
14 ROBERTS AVE2025-02$350,0001,77653.6%
2090 RT 502025-10$270,0001,74469.2%
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%

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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 →