The Fair Share Report
39 Caledonia Dr
Upper, NJ 08230
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $379,588 – $691,932, from 12 comparable Upper sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Upper assessments sit below market value — republished every October, applied town-wide. A $460,525 home should be assessed near $260,887.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $171,913 above what the ratio math suggests (65.9%).
Step 4 · The tax rate — same for every Upper home
$1.649 Schools · 72% $0.331 County · 14% $0.323 Town · 14%
Step 5 · The bill
This home vs. every recent Upper sale · assessed ÷ market
36%119%
A touch high — worth watching
This home's ratio sits above most of Upper, but doesn't clear NJ's legal appeal line (65.15%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 28 LUKE CT | 2026-02 | $420,000 | 2,165 | 64.3% |
| 16 ELIZABETH LA | 2025-07 | $598,445 | 2,156 | 62.9% |
| 57 SOMERS AVE | 2025-09 | $510,000 | 2,474 | 61.5% |
| 15 E SUNRISE RD | 2025-04 | $395,000 | 2,060 | 63.6% |
| 17 E SUNRISE RD | 2025-12 | $415,000 | 2,368 | 75.8% |
| 10 N MEADOW RIDGE LA | 2025-04 | $645,000 | 2,428 | 50.4% |
| 19 CHADWYN DR | 2025-08 | $749,900 | 2,508 | 46.3% |
| 6 W VENTNOR AVE | 2025-09 | $735,000 | 2,288 | 53.2% |
| 78 TYLER RD | 2025-12 | $350,000 | 2,114 | 77.7% |
| 22 RED CLOVER DR | 2026-06 | $640,000 | 2,220 | 50.1% |
| 11 WHIPPOORWILL DR | 2026-06 | $328,000 | 1,940 | 81.0% |
| 6 LUKE CT | 2025-12 | $525,000 | 2,710 | 69.9% |
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