The Fair Share Report

60 Narrows Rd

Upper, NJ 08270

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

≈ $454,708

Likely range $411,621 – $497,703, 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 $454,708 home should be assessed near $257,592.

Step 3 · Assessed value

$188,400

Set at the last town-wide revaluation and mostly frozen since. That's $69,192 below what the ratio math suggests (26.9%).

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

$4,674/yr
Public schools$3,347
Cape May County$672
Town of Upper$656
Upper average$6,686

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

Town median 55.3%
This home · 41.4%

32%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)

AddressSoldPriceSq ftRatio
301 MILL RD2025-03$389,9001,58166.7%
140 PERRY RD2025-08$650,0001,79250.9%
1081 RT 502025-12$482,5001,76848.1%
71 PERRY RD2025-10$485,0001,53661.1%
320 DENNS/PTSBG RD2026-06$485,0002,15363.3%
58 RT 502025-01$425,0001,68054.8%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
781 RT 502025-12$220,0002,240100.5%
1611 RT 502025-10$200,0001,57962.6%
31 SEAVIEW AVE2025-04$535,0001,66451.5%
14 TOWNSEND RD2026-02$275,0001,70669.7%
1731 RT US 9 SO #282026-03$550,0002,00252.2%

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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 →