The Fair Share Report

15 Mockingbird La

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

≈ $543,057

Likely range $412,345 – $642,923, 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 $543,057 home should be assessed near $307,642.

Step 3 · Assessed value

$401,600

Set at the last town-wide revaluation and mostly frozen since. That's $93,958 above what the ratio math suggests (30.5%).

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

$9,964/yr
Public schools$7,134
Cape May County$1,432
Town of Upper$1,397
Upper average$6,686

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

Town median 55.3%
This home · 74.0%

36%103%

A touch high — worth watching

This home's ratio sits above most of Upper, but doesn't clear NJ's legal appeal line (65.15%).

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

AddressSoldPriceSq ftRatio
781 RT 502025-12$220,0002,240100.5%
3121 RT US 9 SO2026-06$480,0002,12055.8%
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%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
17 E SUNRISE RD2025-12$415,0002,36875.8%
825 STAGECOACH RD2026-06$881,3302,87958.8%
47 N SUNSET DR2025-08$547,0002,88859.1%
145 ALLENDALE RD2026-03$640,0002,25854.4%

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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 →