The Fair Share Report

867 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

≈ $260,465

Likely range $235,029 – $310,651, from 12 comparable Upper sales in the past 18 months, at this home's 840 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 $260,465 home should be assessed near $147,553.

Step 3 · Assessed value

$144,100

Set at the last town-wide revaluation and mostly frozen since. That's $3,453 below what the ratio math suggests (2.3%).

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

$3,575/yr
Public schools$2,560
Cape May County$514
Town of Upper$501
Upper average$6,686

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

Town median 55.3%
This home · 55.3%

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
124 BUTTER RD2026-03$325,0001,11960.8%
20 CORSON TAVERN RD2025-05$320,0001,03251.9%
100 BAYVIEW AVE2026-01$440,0001,11847.5%
125 TOWNSEND RD2025-10$320,00092459.3%
18 PACIFIC AVE2025-08$390,00091248.1%
34 E MAPLESHADE LA2025-10$350,00095153.1%
3085 RT US 9 SO2025-10$300,0001,00059.4%
83 RT 502026-04$435,0001,32049.3%
9 SLEEPY HOLLOW RD2025-06$275,0001,18073.2%
1611 RT 502025-10$200,0001,57962.6%
58 RT 502025-01$425,0001,68054.8%
1515 RT US 9 SO2025-05$500,0001,35240.8%

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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 →