The Fair Share Report

830 Rt 50

Upper, NJ 08270

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

≈ $482,447

Likely range $405,414 – $518,785, 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 $482,447 home should be assessed near $273,306.

Step 3 · Assessed value

$224,900

Set at the last town-wide revaluation and mostly frozen since. That's $48,406 below what the ratio math suggests (17.7%).

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

$5,580/yr
Public schools$3,995
Cape May County$802
Town of Upper$783
Upper average$6,686

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

Town median 55.3%
This home · 46.6%

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
140 PERRY RD2025-08$650,0001,79250.9%
71 PERRY RD2025-10$485,0001,53661.1%
1450 STAGECOACH RD2025-05$489,0001,85450.0%
3121 RT US 9 SO2026-06$480,0002,12055.8%
781 RT 502025-12$220,0002,240100.5%
1731 RT US 9 SO #952025-01$515,0001,84854.0%
301 MILL RD2025-03$389,9001,58166.7%
320 DENNS/PTSBG RD2026-06$485,0002,15363.3%
1081 RT 502025-12$482,5001,76848.1%
1313 STAGECOACH RD2026-01$275,0001,65281.1%
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%

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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 →