The Fair Share Report

6 Stephen 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.

Step 1 · Market value

≈ $558,526

Likely range $436,296 – $640,091, from 12 comparable Upper sales in the past 18 months, at this home's 2,249 sq ft.

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 $558,526 home should be assessed near $316,405.

Step 3 · Assessed value

$308,800

Set at the last town-wide revaluation and mostly frozen since. That's $7,605 below what the ratio math suggests (2.4%).

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

$7,454/yr
Public schools$5,338
Cape May County$1,071
Town of Upper$1,045
Upper average$6,686

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

Town median 55.3%
This home · 55.3%

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
22 RED CLOVER DR2026-06$640,0002,22050.1%
28 LUKE CT2026-02$420,0002,16564.3%
145 ALLENDALE RD2026-03$640,0002,25854.4%
16 ELIZABETH LA2025-07$598,4452,15662.9%
15 WHITE OAK DR2026-06$475,8852,16857.3%
4 DANA AVE2025-07$595,0002,52354.8%
15 E SUNRISE RD2025-04$395,0002,06063.6%
10 MEADOWLARK RD2026-05$469,0001,85649.4%
6 W VENTNOR AVE2025-09$735,0002,28853.2%
12 ASHCROFT AVE2026-01$553,0001,94350.1%
57 SOMERS AVE2025-09$510,0002,47461.5%
18 E KATHARINE AVE2025-05$600,0002,41650.3%

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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 →