The Fair Share Report

212 Mackey Ave

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

≈ $437,143

Likely range $303,278 – $494,330, 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 $437,143 home should be assessed near $247,642.

Step 3 · Assessed value

$160,500

Set at the last town-wide revaluation and mostly frozen since. That's $87,142 below what the ratio math suggests (35.2%).

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

$3,982/yr
Public schools$2,851
Cape May County$572
Town of Upper$558
Upper average$6,686

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

Town median 55.3%
This home · 36.7%

27%79%

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
1081 RT 502025-12$482,5001,76848.1%
58 RT 502025-01$425,0001,68054.8%
1611 RT 502025-10$200,0001,57962.6%
147 READING AVE2025-03$308,0001,60867.6%
140 PERRY RD2025-08$650,0001,79250.9%
151 READING AVE2025-05$305,0001,72857.8%
1450 STAGECOACH RD2025-05$489,0001,85450.0%
618 RT US 9 SO2025-04$430,0001,54057.8%
301 MILL RD2025-03$389,9001,58166.7%
10 LUKE CT2025-07$568,5001,76459.0%
491 DENNS/PTSBG RD2025-06$484,5001,50744.6%
43 WEXTON DR2025-07$399,0001,75861.2%

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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 →