The Fair Share Report

29 E Whittier Ave

Upper, NJ 08057

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

≈ $631,291

Likely range $487,033 – $816,501, 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 $631,291 home should be assessed near $357,626.

Step 3 · Assessed value

$1,334,500

Set at the last town-wide revaluation and mostly frozen since. That's $976,874 above what the ratio math suggests (273.2%).

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

$31,201/yr
Public schools$22,340
Cape May County$4,484
Town of Upper$4,376
Upper average$6,686

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

Town median 55.3%
This home · 211.4%

36%279%

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 $22,497/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
46 VICTORIA LA2026-06$625,0002,55366.8%
35 VICTORIA LA2025-09$749,0002,51255.6%
11 REDWISH AVE2026-04$445,3172,09755.6%
825 STAGECOACH RD2026-06$881,3302,87958.8%
116 NORTH SHORE RD2025-09$690,0002,51052.0%
36 E HOLLYWOOD LA2025-12$950,0002,59242.1%
145 ALLENDALE RD2026-03$640,0002,25854.4%
1 W SHERMAN AVE2025-07$1,900,0002,97553.3%
1 HARDING AVE2025-04$400,0003,00255.0%
612 S BAYVIEW DR2025-12$5,400,0002,84435.3%
125 NORTH SHORE RD2025-08$350,0001,95970.7%
125 NORTH SHORE RD2025-06$275,0001,95990.0%

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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 →