The Fair Share Report

51 Tyler Rd

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.

Step 1 · Market value

≈ $478,189

Likely range $425,989 – $546,918, 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 $478,189 home should be assessed near $270,894.

Step 3 · Assessed value

$259,000

Set at the last town-wide revaluation and mostly frozen since. That's $11,894 below what the ratio math suggests (4.4%).

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

$6,252/yr
Public schools$4,477
Cape May County$899
Town of Upper$877
Upper average$6,686

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

Town median 55.3%
This home · 54.2%

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
140 PERRY RD2025-08$650,0001,79250.9%
320 DENNS/PTSBG RD2026-06$485,0002,15363.3%
1450 STAGECOACH RD2025-05$489,0001,85450.0%
3121 RT US 9 SO2026-06$480,0002,12055.8%
781 RT 502025-12$220,0002,240100.5%
71 PERRY RD2025-10$485,0001,53661.1%
78 TYLER RD2025-12$350,0002,11477.7%
4 HUNTINGTON LA2026-03$660,0002,00548.5%
1081 RT 502025-12$482,5001,76848.1%
11 WHIPPOORWILL DR2026-06$328,0001,94081.0%
17 E SUNRISE RD2025-12$415,0002,36875.8%
301 MILL RD2025-03$389,9001,58166.7%

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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 →