The Fair Share Report
17 E Sherman Ave
Upper, NJ 08248
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 $405,138 – $2,105,344, 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 $492,370 home should be assessed near $278,928.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $163,672 above what the ratio math suggests (58.7%).
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
16%115%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 30 E WILLARD AVE | 2026-01 | $2,500,000 | 1,507 | 32.0% |
| 14 TOWNSEND RD | 2026-02 | $275,000 | 1,706 | 69.7% |
| 31 SEAVIEW AVE | 2025-04 | $535,000 | 1,664 | 51.5% |
| 29 STANHOPE RD | 2025-08 | $330,000 | 1,578 | 67.7% |
| 18 E WINTHROP AVE | 2026-04 | $1,850,000 | 1,674 | 37.4% |
| 5 E SUMNER AVE | 2026-04 | $1,660,000 | 1,608 | 40.2% |
| 15 SEAVIEW AVE | 2025-07 | $540,000 | 1,882 | 43.1% |
| 14 ROBERTS AVE | 2025-02 | $350,000 | 1,776 | 53.6% |
| 14 LYNDHURST RD | 2026-04 | $515,000 | 1,992 | 44.2% |
| 1731 RT US 9 SO #95 | 2025-01 | $515,000 | 1,848 | 54.0% |
| 58 RT 50 | 2025-01 | $425,000 | 1,680 | 54.8% |
| 100 W SHERMAN AVE | 2026-05 | $1,250,000 | 1,088 | 32.5% |
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