The Fair Share Report

20 Ortlieb La

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.

Step 1 · Market value

≈ $587,453

Likely range $456,043 – $732,338, 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 $587,453 home should be assessed near $332,792.

Step 3 · Assessed value

$535,200

Set at the last town-wide revaluation and mostly frozen since. That's $202,408 above what the ratio math suggests (60.8%).

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

$12,920/yr
Public schools$9,251
Cape May County$1,857
Town of Upper$1,812
Upper average$6,686

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

Town median 55.3%
This home · 91.1%

36%123%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (65.15%) — roughly $4,661/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
57 SOMERS AVE2025-09$510,0002,47461.5%
19 CHADWYN DR2025-08$749,9002,50846.3%
6 LUKE CT2025-12$525,0002,71069.9%
10 N MEADOW RIDGE LA2025-04$645,0002,42850.4%
17 E SUNRISE RD2025-12$415,0002,36875.8%
10 RED OAK DR2026-01$600,0002,43551.7%
10 RED OAK DR2025-10$432,0002,43571.8%
10 LAUREL RIDGE RD2025-06$579,9002,51856.9%
11 LAUREL RIDGE RD2025-12$750,0002,66049.0%
10 BERWYN DR2025-07$665,0002,96261.2%
9 DEERFIELD TRL2026-04$760,0002,57151.6%
28 LUKE CT2026-02$420,0002,16564.3%

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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 →