The Fair Share Report

430 Grant Ave

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

≈ $528,702

Likely range $457,825 – $570,455, 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 $528,702 home should be assessed near $299,510.

Step 3 · Assessed value

$304,300

Set at the last town-wide revaluation and mostly frozen since. That's $4,790 above what the ratio math suggests (1.6%).

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

$7,352/yr
Public schools$5,264
Cape May County$1,057
Town of Upper$1,031
Upper average$6,686

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

Town median 55.3%
This home · 57.6%

36%79%

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 REDWISH AVE2026-04$445,3172,09755.6%
125 NORTH SHORE RD2025-08$350,0001,95970.7%
125 NORTH SHORE RD2025-06$275,0001,95990.0%
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%
15 SEAVIEW AVE2025-07$540,0001,88243.1%
14 LYNDHURST RD2026-04$515,0001,99244.2%
45 EVERGREEN DR2025-09$445,0001,92649.1%
16 HOLLYBERRY LA2025-10$610,0001,80850.2%

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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 →