The Fair Share Report

2110 Rt 50

Upper, NJ 08270

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

≈ $359,300

Likely range $239,228 – $457,349, from 12 comparable Upper sales in the past 18 months, at this home's 1,446 sq ft.

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 $359,300 home should be assessed near $203,543.

Step 3 · Assessed value

$200,900

Set at the last town-wide revaluation and mostly frozen since. That's $2,643 below what the ratio math suggests (1.3%).

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

$4,984/yr
Public schools$3,569
Cape May County$716
Town of Upper$699
Upper average$6,686

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

Town median 55.3%
This home · 55.9%

36%89%

Paying about right

This home's ratio lands inside Upper's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
1233 RT US 9 SO2025-12$225,0001,36080.5%
147 READING AVE2025-03$308,0001,60867.6%
238 MARSHALLVILLE RD2025-05$367,5001,47956.6%
418 NORTH SHORE RD2025-06$470,0001,48648.6%
151 READING AVE2025-05$305,0001,72857.8%
1611 RT 502025-10$200,0001,57962.6%
1515 RT US 9 SO2025-05$500,0001,35240.8%
46 CHURCH RD2025-11$435,0001,51256.9%
83 RT 502026-04$435,0001,32049.3%
2090 RT 502025-10$270,0001,74469.2%
288 RT 492025-01$230,0001,63298.4%
230 STAGECOACH RD2026-03$625,0001,50238.8%

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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 →