The Fair Share Report
1502 Third Ave
Upper Deerfield, NJ 08302
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $195,349 – $269,565, from 12 comparable Upper Deerfield sales in the past 18 months, at this home's 960 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Upper Deerfield assessments sit below market value — republished every October, applied town-wide. A $230,357 home should be assessed near $159,637.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,737 below what the ratio math suggests (48.1%).
Step 4 · The tax rate — same for every Upper Deerfield home
$1.925 Schools · 59% $1.176 County · 36% $0.189 Town · 6%
Step 5 · The bill
This home vs. every recent Upper Deerfield sale · assessed ÷ market
25%85%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1208 FIRST AVE | 2025-08 | $197,500 | 864 | 34.6% |
| 1014 MONROE ST | 2025-12 | $273,000 | 960 | 49.1% |
| 3 PAMELA DR | 2025-09 | $160,000 | 912 | 80.9% |
| 41 OLD DEERFIELD PIKE | 2025-07 | $175,000 | 860 | 60.9% |
| 7 HOLLY LANE | 2026-02 | $299,900 | 1,145 | 39.0% |
| 186 LANDIS AVE | 2025-01 | $248,000 | 1,066 | 58.8% |
| 17 BERMUDA AVE | 2025-08 | $310,000 | 1,104 | 42.5% |
| 65 DAWSON DR | 2026-01 | $130,000 | 960 | 105.0% |
| 10 JERECO DR | 2025-07 | $254,900 | 832 | 45.8% |
| 255 WOODRUFF RD | 2026-03 | $215,000 | 896 | 49.4% |
| 28 ORILLIA DR | 2025-09 | $268,104 | 1,056 | 52.6% |
| 35 E FINLEY RD | 2025-05 | $200,000 | 1,168 | 71.9% |
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