The Fair Share Report

2336 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

≈ $388,201

Likely range $291,312 – $1,438,047, from 12 comparable Upper sales in the past 18 months, at this home's 1,393 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 $388,201 home should be assessed near $219,916.

Step 3 · Assessed value

$172,200

Set at the last town-wide revaluation and mostly frozen since. That's $47,716 below what the ratio math suggests (21.7%).

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

$4,272/yr
Public schools$3,059
Cape May County$614
Town of Upper$599
Upper average$6,686

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

Town median 55.3%
This home · 44.4%

7%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
1233 RT US 9 SO2025-12$225,0001,36080.5%
100 W SHERMAN AVE2026-05$1,250,0001,08832.5%
30 E WILLARD AVE2026-01$2,500,0001,50732.0%
5 E SUMNER AVE2026-04$1,660,0001,60840.2%
238 MARSHALLVILLE RD2025-05$367,5001,47956.6%
18 E WINTHROP AVE2026-04$1,850,0001,67437.4%
147 READING AVE2025-03$308,0001,60867.6%
418 NORTH SHORE RD2025-06$470,0001,48648.6%
546 STAGECOACH RD2025-04$381,0001,36853.8%
29 STANHOPE RD2025-08$330,0001,57867.7%
14 TOWNSEND RD2026-02$275,0001,70669.7%
202 PACIFIC AVE2025-06$379,9001,39856.4%

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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 →