The Fair Share Report

37 Mockingbird La

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

≈ $476,076

Likely range $415,779 – $511,280, 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 $476,076 home should be assessed near $269,697.

Step 3 · Assessed value

$192,900

Set at the last town-wide revaluation and mostly frozen since. That's $76,797 below what the ratio math suggests (28.5%).

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

$4,786/yr
Public schools$3,427
Cape May County$688
Town of Upper$671
Upper average$6,686

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

Town median 55.3%
This home · 40.5%

32%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
1731 RT US 9 SO #952025-01$515,0001,84854.0%
10 LUKE CT2025-07$568,5001,76459.0%
43 WEXTON DR2025-07$399,0001,75861.2%
4 HUNTINGTON LA2026-03$660,0002,00548.5%
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%
1731 RT US 9 SO #412025-07$480,0002,00262.4%
1731 RT US 9 SO #282025-06$525,0002,00254.6%
1731 RT US 9 SO #1222025-03$475,0002,00260.4%
3121 RT US 9 SO2026-06$480,0002,12055.8%
1450 STAGECOACH RD2025-05$489,0001,85450.0%
140 PERRY RD2025-08$650,0001,79250.9%

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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 →