The Fair Share Report

144 Tyler Rd

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

≈ $493,906

Likely range $459,240 – $584,733, 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 $493,906 home should be assessed near $279,798.

Step 3 · Assessed value

$402,300

Set at the last town-wide revaluation and mostly frozen since. That's $122,502 above what the ratio math suggests (43.8%).

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

$9,720/yr
Public schools$6,959
Cape May County$1,397
Town of Upper$1,363
Upper average$6,686

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

Town median 55.3%
This home · 81.5%

36%93%

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 $2,821/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
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%
23 GLORY RD2025-02$625,0001,89240.0%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
15 E SUNRISE RD2025-04$395,0002,06063.6%
10 WILLIAMS WAY2026-05$485,0002,07461.2%
11 REDWISH AVE2026-04$445,3172,09755.6%
3121 RT US 9 SO2026-06$480,0002,12055.8%
28 LUKE CT2026-02$420,0002,16564.3%

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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 →