The Fair Share Report
1503 Third Ave
Upper Deerfield, NJ 08302
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $109,915 – $196,988, from 12 comparable Upper Deerfield sales in the past 18 months (home size estimated from assessor data — range widened).
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 $153,840 home should be assessed near $106,611.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,711 below what the ratio math suggests (22.2%).
Step 4 · The tax rate — same for every Upper Deerfield home
$1.925 Schools · 59% $1.176 County · 36% $0.189 Town · 6%
This home's own bill implies $2.991 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Upper Deerfield sale · assessed ÷ market
36%85%
Paying about right
This home's ratio lands inside Upper Deerfield's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1208 FIRST AVE | 2025-08 | $197,500 | 864 | 34.6% |
| 38 LIBERTY RD | 2025-11 | $190,000 | 649 | 48.8% |
| 1502 THIRD AVE | 2026-02 | $185,000 | 960 | 44.8% |
| 655 IRVING AVE | 2025-08 | $120,000 | 728 | 71.7% |
| 41 OLD DEERFIELD PIKE | 2025-07 | $175,000 | 860 | 60.9% |
| 3 PAMELA DR | 2025-09 | $160,000 | 912 | 80.9% |
| 10 JERECO DR | 2025-07 | $254,900 | 832 | 45.8% |
| 1014 MONROE ST | 2025-12 | $273,000 | 960 | 49.1% |
| 255 WOODRUFF RD | 2026-03 | $215,000 | 896 | 49.4% |
| 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% |
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