The Fair Share Report
23 Argoe Dr
Upper, NJ 08243
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $391,058 – $598,388, from 12 comparable Upper sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Upper assessments sit below market value — republished every October, applied town-wide. A $479,241 home should be assessed near $271,490.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,390 below what the ratio math suggests (23.0%).
Step 4 · The tax rate — same for every Upper home
$1.649 Schools · 72% $0.331 County · 14% $0.323 Town · 14%
Step 5 · The bill
This home vs. every recent Upper sale · assessed ÷ market
29%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 140 PERRY RD | 2025-08 | $650,000 | 1,792 | 50.9% |
| 1450 STAGECOACH RD | 2025-05 | $489,000 | 1,854 | 50.0% |
| 320 DENNS/PTSBG RD | 2026-06 | $485,000 | 2,153 | 63.3% |
| 58 RT 50 | 2025-01 | $425,000 | 1,680 | 54.8% |
| 1081 RT 50 | 2025-12 | $482,500 | 1,768 | 48.1% |
| 71 PERRY RD | 2025-10 | $485,000 | 1,536 | 61.1% |
| 301 MILL RD | 2025-03 | $389,900 | 1,581 | 66.7% |
| 1313 STAGECOACH RD | 2026-01 | $275,000 | 1,652 | 81.1% |
| 618 RT US 9 SO | 2025-04 | $430,000 | 1,540 | 57.8% |
| 1611 RT 50 | 2025-10 | $200,000 | 1,579 | 62.6% |
| 491 DENNS/PTSBG RD | 2025-06 | $484,500 | 1,507 | 44.6% |
| 1731 RT US 9 SO #95 | 2025-01 | $515,000 | 1,848 | 54.0% |
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