The Fair Share Report

127 Rt 49

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

≈ $446,723

Likely range $270,585 – $1,970,156, 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 $446,723 home should be assessed near $253,069.

Step 3 · Assessed value

$22,000

Set at the last town-wide revaluation and mostly frozen since. That's $231,069 below what the ratio math suggests (91.3%).

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

$546/yr
Public schools$391
Cape May County$78
Town of Upper$77
Upper average$6,686

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

Town median 55.3%
This home · 4.9%

0%79%

Keep quiet and enjoy it

This home's assessment ratio sits below the Upper pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
30 E WILLARD AVE2026-01$2,500,0001,50732.0%
14 TOWNSEND RD2026-02$275,0001,70669.7%
29 STANHOPE RD2025-08$330,0001,57867.7%
5 E SUMNER AVE2026-04$1,660,0001,60840.2%
18 E WINTHROP AVE2026-04$1,850,0001,67437.4%
31 SEAVIEW AVE2025-04$535,0001,66451.5%
2090 RT 502025-10$270,0001,74469.2%
238 MARSHALLVILLE RD2025-05$367,5001,47956.6%
151 READING AVE2025-05$305,0001,72857.8%
100 W SHERMAN AVE2026-05$1,250,0001,08832.5%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
1081 RT 502025-12$482,5001,76848.1%

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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 →