The Fair Share Report
2 Redwish Ave
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $549,134 – $661,991, 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 $636,538 home should be assessed near $360,599.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,001 above what the ratio math suggests (18.0%).
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%83%
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 |
|---|---|---|---|---|
| 116 NORTH SHORE RD | 2025-09 | $690,000 | 2,510 | 52.0% |
| 903 S COMMONWEALTH | 2026-03 | $2,475,000 | 2,260 | 53.4% |
| 145 ALLENDALE RD | 2026-03 | $640,000 | 2,258 | 54.4% |
| 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% |
| 15 CROP ST | 2025-04 | $635,000 | 2,373 | 49.9% |
| 35 VICTORIA LA | 2025-09 | $749,000 | 2,512 | 55.6% |
| 46 VICTORIA LA | 2026-06 | $625,000 | 2,553 | 66.8% |
| 825 STAGECOACH RD | 2026-06 | $881,330 | 2,879 | 58.8% |
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