The Fair Share Report

129 Harbor Rd

Upper, NJ 08057

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

≈ $448,784

Likely range $393,941 – $503,679, 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 $448,784 home should be assessed near $254,236.

Step 3 · Assessed value

$655,700

Set at the last town-wide revaluation and mostly frozen since. That's $401,464 above what the ratio math suggests (157.9%).

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

$15,842/yr
Public schools$11,343
Cape May County$2,277
Town of Upper$2,222
Upper average$6,686

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

Town median 55.3%
This home · 146.1%

36%172%

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 $9,246/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
6 SEASOUNDS AVE2026-05$371,0001,75261.9%
90 SCHOOL HOUSE LA2025-05$495,0001,84546.6%
705 RT US 9 SO2026-01$499,9001,85047.6%
601 SECOND AVE2025-12$430,0001,66863.5%
656 STAGECOACH RD2025-05$610,0001,91441.6%
8 SHEILA AVE2025-10$410,0001,68456.3%
12 ASHCROFT AVE2026-01$553,0001,94350.1%
3 BEESLEYS PL2026-05$445,0001,95056.2%
11 RED OAK DR2025-12$425,0001,80650.9%
10 MEADOWLARK RD2026-05$469,0001,85649.4%
44 WHITE OAK DR2025-11$493,9801,78249.5%
1 BLACK OAK DR2026-04$290,0001,78281.5%

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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 →