The Fair Share Report

22 Crestview Dr

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

≈ $556,993

Likely range $490,101 – $601,030, 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 $556,993 home should be assessed near $315,537.

Step 3 · Assessed value

$393,800

Set at the last town-wide revaluation and mostly frozen since. That's $78,263 above what the ratio math suggests (24.8%).

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

$9,506/yr
Public schools$6,807
Cape May County$1,366
Town of Upper$1,333
Upper average$6,686

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

Town median 55.3%
This home · 70.7%

36%86%

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 $1,802/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
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%
4 HUNTINGTON LA2026-03$660,0002,00548.5%
3121 RT US 9 SO2026-06$480,0002,12055.8%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
9 DEERFIELD TRL2026-04$760,0002,57151.6%
1981 TUCKAHOE RD2026-05$633,7502,62658.7%
16 ELIZABETH LA2025-07$598,4452,15662.9%
17 DEERFIELD TRL2026-01$640,0002,80157.2%

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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 →