The Fair Share Report

6 Cessna Ct

Upper, NJ 08224

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

≈ $709,417

Likely range $559,386 – $786,073, 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 $709,417 home should be assessed near $401,885.

Step 3 · Assessed value

$525,200

Set at the last town-wide revaluation and mostly frozen since. That's $123,315 above what the ratio math suggests (30.7%).

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

$12,678/yr
Public schools$9,078
Cape May County$1,822
Town of Upper$1,778
Upper average$6,686

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

Town median 55.3%
This home · 74.0%

36%99%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (65.15%) — roughly $2,840/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
10 LAUREL RIDGE RD2025-06$579,9002,51856.9%
15 CROP ST2025-04$635,0002,37349.9%
19 CHADWYN DR2025-08$749,9002,50846.3%
10 N MEADOW RIDGE LA2025-04$645,0002,42850.4%
80 CORSON TAVERN RD2025-07$730,0002,58962.5%
5 KLAINS LA2026-03$820,0002,61251.5%
6 W VENTNOR AVE2025-09$735,0002,28853.2%
15 ALEXANDRIA CT2025-01$850,0002,78158.8%
825 STAGECOACH RD2026-06$881,3302,87958.8%
11 LAUREL RIDGE RD2025-12$750,0002,66049.0%
57 SOMERS AVE2025-09$510,0002,47461.5%
3 FARM RD2025-12$650,0002,09745.4%

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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 →