The Fair Share Report
1230 Rt Us 9 So
Upper, NJ 08078
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 $441,714 – $606,169, from 12 comparable Upper sales in the past 18 months (home size estimated from assessor data — range widened).
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 $518,031 home should be assessed near $293,465.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $130,135 above what the ratio math suggests (44.3%).
Step 4 · The tax rate — same for every Upper home
$1.649 Schools · 72% $0.331 County · 14% $0.323 Town · 14%
This home's own bill implies $1.589 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Upper sale · assessed ÷ market
36%101%
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 $2,997/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 10 RED OAK DR | 2026-01 | $600,000 | 2,435 | 51.7% |
| 10 RED OAK DR | 2025-10 | $432,000 | 2,435 | 71.8% |
| 1054 RT US 9 SO | 2025-06 | $567,750 | 2,615 | 63.5% |
| 78 TYLER RD | 2025-12 | $350,000 | 2,114 | 77.7% |
| 57 SOMERS AVE | 2025-09 | $510,000 | 2,474 | 61.5% |
| 17 E SUNRISE RD | 2025-12 | $415,000 | 2,368 | 75.8% |
| 4 DANA AVE | 2025-07 | $595,000 | 2,523 | 54.8% |
| 15 WHITE OAK DR | 2026-06 | $475,885 | 2,168 | 57.3% |
| 19 CHADWYN DR | 2025-08 | $749,900 | 2,508 | 46.3% |
| 28 LUKE CT | 2026-02 | $420,000 | 2,165 | 64.3% |
| 6 LUKE CT | 2025-12 | $525,000 | 2,710 | 69.9% |
| 15 E SUNRISE RD | 2025-04 | $395,000 | 2,060 | 63.6% |
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