The Fair Share Report
12 Braden Dr
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $326,247 – $495,562, from 12 comparable Upper sales in the past 18 months, at this home's 1,340 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Upper assessments sit below market value — republished every October, applied town-wide. A $441,591 home should be assessed near $250,161.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,339 above what the ratio math suggests (16.1%).
Step 4 · The tax rate — same for every Upper home
$1.649 Schools · 72% $0.331 County · 14% $0.323 Town · 14%
Step 5 · The bill
This home vs. every recent Upper sale · assessed ÷ market
36%94%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 83 RT 50 | 2026-04 | $435,000 | 1,320 | 49.3% |
| 7 W KATHARINE AVE | 2025-09 | $450,000 | 1,340 | 48.1% |
| 1515 RT US 9 SO | 2025-05 | $500,000 | 1,352 | 40.8% |
| 9 SLEEPY HOLLOW RD | 2025-06 | $275,000 | 1,180 | 73.2% |
| 46 CHURCH RD | 2025-11 | $435,000 | 1,512 | 56.9% |
| 230 STAGECOACH RD | 2026-03 | $625,000 | 1,502 | 38.8% |
| 318 NORTH SHORE RD | 2025-04 | $500,000 | 1,296 | 40.5% |
| 8 SHEILA AVE | 2025-10 | $410,000 | 1,684 | 56.3% |
| 601 SECOND AVE | 2025-12 | $430,000 | 1,668 | 63.5% |
| 530 NORTH SHORE RD | 2026-02 | $475,000 | 1,380 | 47.3% |
| 100 BAYVIEW AVE | 2026-01 | $440,000 | 1,118 | 47.5% |
| 288 RT 49 | 2025-01 | $230,000 | 1,632 | 98.4% |
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