The Fair Share Report
129 Rt 49
Upper, NJ 08250
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 $245,390 – $501,501, 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 $415,795 home should be assessed near $235,548.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,548 below what the ratio math suggests (48.6%).
Step 4 · The tax rate — same for every Upper home
$1.649 Schools · 72% $0.331 County · 14% $0.323 Town · 14%
Step 5 · The bill
This home vs. every recent Upper sale · assessed ÷ market
19%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 14 ROBERTS AVE | 2025-02 | $350,000 | 1,776 | 53.6% |
| 140 PERRY RD | 2025-08 | $650,000 | 1,792 | 50.9% |
| 58 RT 50 | 2025-01 | $425,000 | 1,680 | 54.8% |
| 288 RT 49 | 2025-01 | $230,000 | 1,632 | 98.4% |
| 31 SEAVIEW AVE | 2025-04 | $535,000 | 1,664 | 51.5% |
| 14 TOWNSEND RD | 2026-02 | $275,000 | 1,706 | 69.7% |
| 301 MILL RD | 2025-03 | $389,900 | 1,581 | 66.7% |
| 29 STANHOPE RD | 2025-08 | $330,000 | 1,578 | 67.7% |
| 71 PERRY RD | 2025-10 | $485,000 | 1,536 | 61.1% |
| 15 SEAVIEW AVE | 2025-07 | $540,000 | 1,882 | 43.1% |
| 1313 STAGECOACH RD | 2026-01 | $275,000 | 1,652 | 81.1% |
| 1 BLACK OAK DR | 2026-04 | $290,000 | 1,782 | 81.5% |
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