The Fair Share Report

302 Quail Dr

Upper, NJ 08223

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

≈ $474,112

Likely range $338,559 – $547,440, 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 $474,112 home should be assessed near $268,584.

Step 3 · Assessed value

$338,000

Set at the last town-wide revaluation and mostly frozen since. That's $69,416 above what the ratio math suggests (25.8%).

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

$8,166/yr
Public schools$5,847
Cape May County$1,174
Town of Upper$1,145
Upper average$6,686

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

Town median 55.3%
This home · 71.3%

36%105%

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
11 WILKIE BLVD2025-11$407,0001,93561.0%
10 WILLIAMS WAY2026-05$485,0002,07461.2%
45 EVERGREEN DR2025-09$445,0001,92649.1%
815 SEASOUNDS AVE2025-05$525,0002,02447.1%
6 BLACK OAK DR2026-06$340,0001,96273.8%
11 REDWISH AVE2026-04$445,3172,09755.6%
656 STAGECOACH RD2025-05$610,0001,91441.6%
1451 JOSEPH AVE2025-05$600,0001,86638.3%
125 NORTH SHORE RD2025-08$350,0001,95970.7%
125 NORTH SHORE RD2025-06$275,0001,95990.0%
3 BEESLEYS PL2026-05$445,0001,95056.2%
44 WHITE OAK DR2025-11$493,9801,78249.5%

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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 →