The Fair Share Report

126 Reading Ave

Upper, NJ 08210

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

≈ $394,136

Likely range $325,007 – $426,833, from 12 comparable Upper sales in the past 18 months, at this home's 1,196 sq ft.

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 $394,136 home should be assessed near $223,278.

Step 3 · Assessed value

$199,700

Set at the last town-wide revaluation and mostly frozen since. That's $23,578 below what the ratio math suggests (10.6%).

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

$4,955/yr
Public schools$3,548
Cape May County$712
Town of Upper$695
Upper average$6,686

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

Town median 55.3%
This home · 50.7%

36%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
9 SLEEPY HOLLOW RD2025-06$275,0001,18073.2%
100 BAYVIEW AVE2026-01$440,0001,11847.5%
83 RT 502026-04$435,0001,32049.3%
109 OCEAN AVE2025-10$386,0001,13646.6%
46 CHURCH RD2025-11$435,0001,51256.9%
318 NORTH SHORE RD2025-04$500,0001,29640.5%
601 SECOND AVE2025-12$430,0001,66863.5%
7 W KATHARINE AVE2025-09$450,0001,34048.1%
30 BRYAN RD2025-03$394,0001,10453.7%
34 NORTH SHORE RD2025-01$450,0001,33245.8%
202 PACIFIC AVE2025-06$379,9001,39856.4%
6 SEASOUNDS AVE2026-05$371,0001,75261.9%

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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 →