The Fair Share Report

21 Williams 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.

Step 1 · Market value

≈ $464,611

Likely range $316,227 – $584,555, 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 $464,611 home should be assessed near $263,202.

Step 3 · Assessed value

$569,100

Set at the last town-wide revaluation and mostly frozen since. That's $305,898 above what the ratio math suggests (116.2%).

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

$13,306/yr
Public schools$9,527
Cape May County$1,912
Town of Upper$1,866
Upper average$6,686

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

Town median 55.3%
This home · 122.5%

36%185%

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 $7,045/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
15 SEAVIEW AVE2025-07$540,0001,88243.1%
30 E WILLARD AVE2026-01$2,500,0001,50732.0%
31 SEAVIEW AVE2025-04$535,0001,66451.5%
14 TOWNSEND RD2026-02$275,0001,70669.7%
29 STANHOPE RD2025-08$330,0001,57867.7%
14 ROBERTS AVE2025-02$350,0001,77653.6%
14 LYNDHURST RD2026-04$515,0001,99244.2%
8 REDWISH AVE2025-06$675,0001,54641.8%
599 FIRST AVE2026-04$425,0001,26050.5%
16 HOLLYBERRY LA2025-10$610,0001,80850.2%
344 ESSEX AVE2026-04$410,0001,46451.8%
13 REDWISH AVE2025-01$520,0001,38045.1%

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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 →