The Fair Share Report

12 Sunset Dr

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

≈ $414,271

Likely range $295,827 – $502,827, 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 $414,271 home should be assessed near $234,685.

Step 3 · Assessed value

$172,000

Set at the last town-wide revaluation and mostly frozen since. That's $62,685 below what the ratio math suggests (26.7%).

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

$4,267/yr
Public schools$3,055
Cape May County$613
Town of Upper$598
Upper average$6,686

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

Town median 55.3%
This home · 41.5%

29%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
1 BLACK OAK DR2026-04$290,0001,78281.5%
44 WHITE OAK DR2025-11$493,9801,78249.5%
11 RED OAK DR2025-12$425,0001,80650.9%
1451 JOSEPH AVE2025-05$600,0001,86638.3%
11 WILKIE BLVD2025-11$407,0001,93561.0%
16 HOLLYBERRY LA2025-10$610,0001,80850.2%
45 EVERGREEN DR2025-09$445,0001,92649.1%
6 BLACK OAK DR2026-06$340,0001,96273.8%
6 SEASOUNDS AVE2026-05$371,0001,75261.9%
705 RT US 9 SO2026-01$499,9001,85047.6%
125 NORTH SHORE RD2025-08$350,0001,95970.7%
125 NORTH SHORE RD2025-06$275,0001,95990.0%

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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 →