The Fair Share Report

17 Braden Dr

Upper, NJ 08223

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

≈ $537,417

Likely range $482,461 – $636,383, 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 $537,417 home should be assessed near $304,447.

Step 3 · Assessed value

$381,000

Set at the last town-wide revaluation and mostly frozen since. That's $76,553 above what the ratio math suggests (25.1%).

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

$9,205/yr
Public schools$6,591
Cape May County$1,323
Town of Upper$1,291
Upper average$6,686

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

Town median 55.3%
This home · 70.9%

36%84%

Paying about right

This home's ratio lands inside Upper's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
10 WILLIAMS WAY2026-05$485,0002,07461.2%
145 ALLENDALE RD2026-03$640,0002,25854.4%
656 STAGECOACH RD2025-05$610,0001,91441.6%
3 BEESLEYS PL2026-05$445,0001,95056.2%
35 VICTORIA LA2025-09$749,0002,51255.6%
815 SEASOUNDS AVE2025-05$525,0002,02447.1%
22 RED CLOVER DR2026-06$640,0002,22050.1%
12 ASHCROFT AVE2026-01$553,0001,94350.1%
18 E KATHARINE AVE2025-05$600,0002,41650.3%
6 BLACK OAK DR2026-06$340,0001,96273.8%
90 SCHOOL HOUSE LA2025-05$495,0001,84546.6%
15 WHITE OAK DR2026-06$475,8852,16857.3%

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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 →