The Fair Share Report
56 Rt 50
Upper, NJ 08505
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 $349,490 – $2,028,394, 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 $453,022 home should be assessed near $256,637.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $200,437 below what the ratio math suggests (78.1%).
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
0%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 E SUMNER AVE | 2026-04 | $1,660,000 | 1,608 | 40.2% |
| 1613 RT 50 | 2025-04 | $350,000 | 1,556 | 67.4% |
| 1609 RT 50 | 2025-04 | $150,000 | 1,456 | 76.1% |
| 18 E WINTHROP AVE | 2026-04 | $1,850,000 | 1,674 | 37.4% |
| 1731 RT US 9 SO #95 | 2025-01 | $515,000 | 1,848 | 54.0% |
| 6 LEXINGTON CT | 2025-07 | $500,000 | 1,862 | 57.2% |
| 903 S COMMONWEALTH | 2026-03 | $2,475,000 | 2,260 | 53.4% |
| 43 WEXTON DR | 2025-07 | $399,000 | 1,758 | 61.2% |
| 1313 STAGECOACH RD | 2026-01 | $275,000 | 1,652 | 81.1% |
| 9 N COMMONWEALTH AVE | 2025-01 | $1,750,000 | 2,291 | 63.3% |
| 23 GLORY RD | 2025-02 | $625,000 | 1,892 | 40.0% |
| 31 SEAVIEW AVE | 2025-04 | $535,000 | 1,664 | 51.5% |
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