The Fair Share Report
602 Ocean Ave
Upper, NJ 08223
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 $629,958 – $752,956, 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 $679,529 home should be assessed near $384,953.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $72,047 above what the ratio math suggests (18.7%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 CROP ST | 2025-04 | $635,000 | 2,373 | 49.9% |
| 10 N MEADOW RIDGE LA | 2025-04 | $645,000 | 2,428 | 50.4% |
| 5 KLAINS LA | 2026-03 | $820,000 | 2,612 | 51.5% |
| 11 LAUREL RIDGE RD | 2025-12 | $750,000 | 2,660 | 49.0% |
| 15 ALEXANDRIA CT | 2025-01 | $850,000 | 2,781 | 58.8% |
| 10 LAUREL RIDGE RD | 2025-06 | $579,900 | 2,518 | 56.9% |
| 19 CHADWYN DR | 2025-08 | $749,900 | 2,508 | 46.3% |
| 9 DEERFIELD TRL | 2026-04 | $760,000 | 2,571 | 51.6% |
| 6 W VENTNOR AVE | 2025-09 | $735,000 | 2,288 | 53.2% |
| 1981 TUCKAHOE RD | 2026-05 | $633,750 | 2,626 | 58.7% |
| 57 SOMERS AVE | 2025-09 | $510,000 | 2,474 | 61.5% |
| 17 E SUNRISE RD | 2025-12 | $415,000 | 2,368 | 75.8% |
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