The Fair Share Report

36 Stagecoach Rd

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

≈ $473,744

Likely range $301,053 – $569,295, 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 $473,744 home should be assessed near $268,376.

Step 3 · Assessed value

$142,000

Set at the last town-wide revaluation and mostly frozen since. That's $126,376 below what the ratio math suggests (47.1%).

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%

This home's own bill implies $2.240 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$3,181/yr
Public schools$2,277
Cape May County$457
Town of Upper$446
Upper average$6,686

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

Town median 55.3%
This home · 30.0%

19%79%

Keep quiet and enjoy it

This home's assessment ratio sits below the Upper pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
14 ROBERTS AVE2025-02$350,0001,77653.6%
1 BLACK OAK DR2026-04$290,0001,78281.5%
44 WHITE OAK DR2025-11$493,9801,78249.5%
16 HOLLYBERRY LA2025-10$610,0001,80850.2%
1451 JOSEPH AVE2025-05$600,0001,86638.3%
15 SEAVIEW AVE2025-07$540,0001,88243.1%
8 REDWISH AVE2025-06$675,0001,54641.8%
604 KEATS AVE2025-08$435,0001,45655.5%
31 SEAVIEW AVE2025-04$535,0001,66451.5%
11 RED OAK DR2025-12$425,0001,80650.9%
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 →