The Fair Share Report

25 E Willard Ave

Upper, NJ 08360

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

≈ $626,945

Likely range $438,999 – $868,079, 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 $626,945 home should be assessed near $355,164.

Step 3 · Assessed value

$1,168,300

Set at the last town-wide revaluation and mostly frozen since. That's $813,136 above what the ratio math suggests (228.9%).

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

$27,315/yr
Public schools$19,558
Cape May County$3,926
Town of Upper$3,831
Upper average$6,686

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

Town median 55.3%
This home · 186.3%

36%272%

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 $18,727/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
17 E GOLDEN OAK LA2026-02$842,5002,20252.2%
36 E HOLLYWOOD LA2025-12$950,0002,59242.1%
14 LYNDHURST RD2026-04$515,0001,99244.2%
1 HARDING AVE2025-04$400,0003,00255.0%
14 ROBERTS AVE2025-02$350,0001,77653.6%
11 REDWISH AVE2026-04$445,3172,09755.6%
125 NORTH SHORE RD2025-08$350,0001,95970.7%
125 NORTH SHORE RD2025-06$275,0001,95990.0%
15 SEAVIEW AVE2025-07$540,0001,88243.1%
903 S COMMONWEALTH2026-03$2,475,0002,26053.4%
18 E KATHARINE AVE2025-05$600,0002,41650.3%
727 RT 502025-06$470,0002,03953.0%

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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 →