The Fair Share Report

14 Randolph Ave

Upper, NJ 08248

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

≈ $1,672,086

Likely range $574,038 – $2,259,789, from 12 comparable Upper sales in the past 18 months, at this home's 2,189 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 $1,672,086 home should be assessed near $947,237.

Step 3 · Assessed value

$866,000

Set at the last town-wide revaluation and mostly frozen since. That's $81,237 below what the ratio math suggests (8.6%).

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

$20,247/yr
Public schools$14,497
Cape May County$2,910
Town of Upper$2,840
Upper average$6,686

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

Town median 55.3%
This home · 51.8%

33%156%

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 N COMMONWEALTH AVE2025-01$1,750,0002,29163.3%
26 E WEBSTER AVE2025-02$2,237,5002,31336.8%
33 E SUMNER AVE2025-03$3,100,0002,37233.2%
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%
1731 RT US 9 SO #412025-07$480,0002,00262.4%
1731 RT US 9 SO #282025-06$525,0002,00254.6%
1731 RT US 9 SO #1222025-03$475,0002,00260.4%
5 E SUMNER AVE2026-04$1,660,0001,60840.2%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
903 S COMMONWEALTH2026-03$2,475,0002,26053.4%
2612 S COMMONWEALTH AVE2025-01$2,820,0002,76926.3%

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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 →