The Fair Share Report
1900 Rt 50
Upper, NJ 08270
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.
This home's payments are about right
It sits inside Upper's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $262,682 – $430,648, from 12 comparable Upper sales in the past 18 months, at this home's 1,578 sq ft.
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 $389,160 home should be assessed near $220,459.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,759 below what the ratio math suggests (1.3%).
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%88%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1611 RT 50 | 2025-10 | $200,000 | 1,579 | 62.6% |
| 147 READING AVE | 2025-03 | $308,000 | 1,608 | 67.6% |
| 58 RT 50 | 2025-01 | $425,000 | 1,680 | 54.8% |
| 1081 RT 50 | 2025-12 | $482,500 | 1,768 | 48.1% |
| 618 RT US 9 SO | 2025-04 | $430,000 | 1,540 | 57.8% |
| 1313 STAGECOACH RD | 2026-01 | $275,000 | 1,652 | 81.1% |
| 230 STAGECOACH RD | 2026-03 | $625,000 | 1,502 | 38.8% |
| 301 MILL RD | 2025-03 | $389,900 | 1,581 | 66.7% |
| 491 DENNS/PTSBG RD | 2025-06 | $484,500 | 1,507 | 44.6% |
| 151 READING AVE | 2025-05 | $305,000 | 1,728 | 57.8% |
| 238 MARSHALLVILLE RD | 2025-05 | $367,500 | 1,479 | 56.6% |
| 10 LUKE CT | 2025-07 | $568,500 | 1,764 | 59.0% |
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