The Fair Share Report
16 Stephen Dr
Upper, NJ 08230
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 $467,553 – $565,659, from 12 comparable Upper 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 assessments sit below market value — republished every October, applied town-wide. A $524,213 home should be assessed near $296,967.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,833 above what the ratio math suggests (21.2%).
Step 4 · The tax rate — same for every Upper home
$1.649 Schools · 72% $0.331 County · 14% $0.323 Town · 14%
Step 5 · The bill
This home vs. every recent Upper sale · assessed ÷ market
36%82%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1731 RT US 9 SO #28 | 2026-03 | $550,000 | 2,002 | 52.2% |
| 1731 RT US 9 SO #25 | 2026-03 | $519,000 | 2,002 | 55.3% |
| 1731 RT US 9 SO #41 | 2025-07 | $480,000 | 2,002 | 62.4% |
| 1731 RT US 9 SO #28 | 2025-06 | $525,000 | 2,002 | 54.6% |
| 1731 RT US 9 SO #122 | 2025-03 | $475,000 | 2,002 | 60.4% |
| 1731 RT US 9 SO #95 | 2025-01 | $515,000 | 1,848 | 54.0% |
| 825 STAGECOACH RD | 2026-06 | $881,330 | 2,879 | 58.8% |
| 4 HUNTINGTON LA | 2026-03 | $660,000 | 2,005 | 48.5% |
| 23 GLORY RD | 2025-02 | $625,000 | 1,892 | 40.0% |
| 3 FARM RD | 2025-12 | $650,000 | 2,097 | 45.4% |
| 6 LEXINGTON CT | 2025-07 | $500,000 | 1,862 | 57.2% |
| 3121 RT US 9 SO | 2026-06 | $480,000 | 2,120 | 55.8% |
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