The Fair Share Report

23 Foxborough Rd

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

≈ $703,246

Likely range $595,045 – $889,139, from 12 comparable Upper sales in the past 18 months, at this home's 2,982 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 $703,246 home should be assessed near $398,389.

Step 3 · Assessed value

$323,400

Set at the last town-wide revaluation and mostly frozen since. That's $74,989 below what the ratio math suggests (18.8%).

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

$7,807/yr
Public schools$5,590
Cape May County$1,122
Town of Upper$1,095
Upper average$6,686

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

Town median 55.3%
This home · 46.0%

31%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
313 W QUAIL DR2025-05$399,0003,11164.9%
1 HARDING AVE2025-04$400,0003,00255.0%
36 E HOLLYWOOD LA2025-12$950,0002,59242.1%
11 INLET TER2025-02$560,0002,75455.9%
10 RED CLOVER DR2025-05$785,0003,21747.7%
2 ERICA LA2025-05$615,0003,08254.1%
13 SOMERS AVE2026-06$591,0002,74458.7%
825 STAGECOACH RD2026-06$881,3302,87958.8%
35 VICTORIA LA2025-09$749,0002,51255.6%
527 NORTH SHORE RD2025-11$528,0003,20164.5%
18 E KATHARINE AVE2025-05$600,0002,41650.3%
46 VICTORIA LA2026-06$625,0002,55366.8%

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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 →