The Fair Share Report

21 Glory Rd

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

≈ $579,144

Likely range $507,610 – $647,306, 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 $579,144 home should be assessed near $328,085.

Step 3 · Assessed value

$412,700

Set at the last town-wide revaluation and mostly frozen since. That's $84,615 above what the ratio math suggests (25.8%).

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

$9,971/yr
Public schools$7,139
Cape May County$1,433
Town of Upper$1,398
Upper average$6,686

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

Town median 55.3%
This home · 71.3%

36%87%

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)

AddressSoldPriceSq ftRatio
23 GLORY RD2025-02$625,0001,89240.0%
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%
1731 RT US 9 SO #412025-07$480,0002,00262.4%
1731 RT US 9 SO #282025-06$525,0002,00254.6%
1731 RT US 9 SO #1222025-03$475,0002,00260.4%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
22 RED CLOVER DR2026-06$640,0002,22050.1%
825 STAGECOACH RD2026-06$881,3302,87958.8%
3121 RT US 9 SO2026-06$480,0002,12055.8%
17 E SUNRISE RD2025-12$415,0002,36875.8%
145 ALLENDALE RD2026-03$640,0002,25854.4%

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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 →