The Fair Share Report

9 Crestview Dr

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

≈ $578,316

Likely range $423,202 – $683,545, 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 $578,316 home should be assessed near $327,616.

Step 3 · Assessed value

$467,300

Set at the last town-wide revaluation and mostly frozen since. That's $139,684 above what the ratio math suggests (42.6%).

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

$11,179/yr
Public schools$8,005
Cape May County$1,607
Town of Upper$1,568
Upper average$6,686

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

Town median 55.3%
This home · 80.8%

36%116%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (65.15%) — roughly $3,217/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
19 CHADWYN DR2025-08$749,9002,50846.3%
6 W VENTNOR AVE2025-09$735,0002,28853.2%
10 N MEADOW RIDGE LA2025-04$645,0002,42850.4%
57 SOMERS AVE2025-09$510,0002,47461.5%
10 LAUREL RIDGE RD2025-06$579,9002,51856.9%
16 ELIZABETH LA2025-07$598,4452,15662.9%
15 CROP ST2025-04$635,0002,37349.9%
28 LUKE CT2026-02$420,0002,16564.3%
80 CORSON TAVERN RD2025-07$730,0002,58962.5%
15 E SUNRISE RD2025-04$395,0002,06063.6%
6 LUKE CT2025-12$525,0002,71069.9%
17 E SUNRISE RD2025-12$415,0002,36875.8%

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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 →