The Fair Share Report

7 Spruce Ct

Upper, NJ 08210

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

≈ $1,030,911

Likely range $969,482 – $1,332,029, from 12 comparable Upper sales in the past 18 months, at this home's 4,243 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 $1,030,911 home should be assessed near $584,011.

Step 3 · Assessed value

$825,800

Set at the last town-wide revaluation and mostly frozen since. That's $241,789 above what the ratio math suggests (41.4%).

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

$19,935/yr
Public schools$14,274
Cape May County$2,865
Town of Upper$2,796
Upper average$6,686

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

Town median 55.3%
This home · 80.1%

36%91%

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
103 TYLER RD2025-11$849,9003,49857.4%
24 SUNSET DR2025-05$595,0004,06873.1%
5 THICKET STREET2025-06$1,450,0003,93840.1%
1838 RT US 9 SO2026-06$775,0003,13866.1%
825 STAGECOACH RD2026-06$881,3302,87958.8%
6 ELLA LAYNE2025-10$950,0003,38055.5%
17 MEGHAN LANE2025-10$1,222,0003,48976.5%
47 N SUNSET DR2025-08$547,0002,88859.1%
17 DEERFIELD TRL2026-01$640,0002,80157.2%
17 DEERFIELD TRL2025-03$640,0002,80157.2%
9 HARRYS CT2025-05$820,0003,50256.2%
4 MOCKINGBIRD LA2025-04$712,0003,03454.4%

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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 →