The Fair Share Report

60 Rt 50

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

≈ $428,504

Likely range $263,393 – $484,122, 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 $428,504 home should be assessed near $242,748.

Step 3 · Assessed value

$176,600

Set at the last town-wide revaluation and mostly frozen since. That's $66,148 below what the ratio math suggests (27.2%).

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

$4,263/yr
Public schools$3,052
Cape May County$613
Town of Upper$598
Upper average$6,686

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

Town median 55.3%
This home · 41.2%

31%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
8 SHEILA AVE2025-10$410,0001,68456.3%
43 WEXTON DR2025-07$399,0001,75861.2%
10 LUKE CT2025-07$568,5001,76459.0%
1313 STAGECOACH RD2026-01$275,0001,65281.1%
10 MEADOWLARK RD2026-05$469,0001,85649.4%
11 WHIPPOORWILL DR2026-06$328,0001,94081.0%
6 SEASOUNDS AVE2026-05$371,0001,75261.9%
230 STAGECOACH RD2026-03$625,0001,50238.8%
288 RT 492025-01$230,0001,63298.4%
1450 STAGECOACH RD2025-05$489,0001,85450.0%
6 LEXINGTON CT2025-07$500,0001,86257.2%
78 TYLER RD2025-12$350,0002,11477.7%

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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 →