The Fair Share Report

75 Tyler Rd

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

≈ $489,187

Likely range $436,890 – $555,071, 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 $489,187 home should be assessed near $277,124.

Step 3 · Assessed value

$253,400

Set at the last town-wide revaluation and mostly frozen since. That's $23,724 below what the ratio math suggests (8.6%).

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

$6,117/yr
Public schools$4,380
Cape May County$879
Town of Upper$858
Upper average$6,686

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

Town median 55.3%
This home · 51.8%

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
1731 RT US 9 SO #952025-01$515,0001,84854.0%
140 PERRY RD2025-08$650,0001,79250.9%
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%
1731 RT US 9 SO #412025-07$480,0002,00262.4%
1731 RT US 9 SO #282025-06$525,0002,00254.6%
1731 RT US 9 SO #1222025-03$475,0002,00260.4%
15 SEAVIEW AVE2025-07$540,0001,88243.1%
781 RT 502025-12$220,0002,240100.5%
71 PERRY RD2025-10$485,0001,53661.1%
301 MILL RD2025-03$389,9001,58166.7%
1451 JOSEPH AVE2025-05$600,0001,86638.3%

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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 →