The Fair Share Report
805 S Commonwealth Ave
Upper, NJ 08048
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 $864,014 – $4,431,326, 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 $1,375,407 home should be assessed near $779,168.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $818,032 above what the ratio math suggests (105.0%).
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
31%190%
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 |
|---|---|---|---|---|
| 612 S BAYVIEW DR | 2025-12 | $5,400,000 | 2,844 | 35.3% |
| 1 W SHERMAN AVE | 2025-07 | $1,900,000 | 2,975 | 53.3% |
| 5 THICKET STREET | 2025-06 | $1,450,000 | 3,938 | 40.1% |
| 825 STAGECOACH RD | 2026-06 | $881,330 | 2,879 | 58.8% |
| 903 S COMMONWEALTH | 2026-03 | $2,475,000 | 2,260 | 53.4% |
| 2612 S COMMONWEALTH AVE | 2025-01 | $2,820,000 | 2,769 | 26.3% |
| 17 MEGHAN LANE | 2025-10 | $1,222,000 | 3,489 | 76.5% |
| 6 ELLA LAYNE | 2025-10 | $950,000 | 3,380 | 55.5% |
| 1 HARDING AVE | 2025-04 | $400,000 | 3,002 | 55.0% |
| 116 NORTH SHORE RD | 2025-09 | $690,000 | 2,510 | 52.0% |
| 103 TYLER RD | 2025-11 | $849,900 | 3,498 | 57.4% |
| 1838 RT US 9 SO | 2026-06 | $775,000 | 3,138 | 66.1% |
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