The Fair Share Report

134 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

≈ $584,354

Likely range $536,967 – $669,691, from 12 comparable Upper sales in the past 18 months, at this home's 2,353 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 $584,354 home should be assessed near $331,037.

Step 3 · Assessed value

$213,400

Set at the last town-wide revaluation and mostly frozen since. That's $117,637 below what the ratio math suggests (35.5%).

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

$5,294/yr
Public schools$3,791
Cape May County$761
Town of Upper$743
Upper average$6,686

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

Town median 55.3%
This home · 36.5%

26%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
18 E KATHARINE AVE2025-05$600,0002,41650.3%
145 ALLENDALE RD2026-03$640,0002,25854.4%
46 VICTORIA LA2026-06$625,0002,55366.8%
35 VICTORIA LA2025-09$749,0002,51255.6%
22 RED CLOVER DR2026-06$640,0002,22050.1%
15 WHITE OAK DR2026-06$475,8852,16857.3%
11 INLET TER2025-02$560,0002,75455.9%
4 DANA AVE2025-07$595,0002,52354.8%
116 NORTH SHORE RD2025-09$690,0002,51052.0%
10 WILLIAMS WAY2026-05$485,0002,07461.2%
6 W VENTNOR AVE2025-09$735,0002,28853.2%
15 CROP ST2025-04$635,0002,37349.9%

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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 →