The Fair Share Report

9 Edward Ter

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

≈ $790,379

Likely range $772,091 – $835,565, from 12 comparable Upper sales in the past 18 months, at this home's 3,439 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 $790,379 home should be assessed near $447,750.

Step 3 · Assessed value

$396,400

Set at the last town-wide revaluation and mostly frozen since. That's $51,350 below what the ratio math suggests (11.5%).

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

$9,569/yr
Public schools$6,852
Cape May County$1,375
Town of Upper$1,342
Upper average$6,686

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

Town median 55.3%
This home · 50.2%

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
24 SUNSET DR2025-05$595,0004,06873.1%
47 N SUNSET DR2025-08$547,0002,88859.1%
103 TYLER RD2025-11$849,9003,49857.4%
17 DEERFIELD TRL2026-01$640,0002,80157.2%
17 DEERFIELD TRL2025-03$640,0002,80157.2%
825 STAGECOACH RD2026-06$881,3302,87958.8%
9 HARRYS CT2025-05$820,0003,50256.2%
1838 RT US 9 SO2026-06$775,0003,13866.1%
10 BERWYN DR2025-07$665,0002,96261.2%
30 CRESTVIEW DR2025-03$695,0003,02464.5%
1981 TUCKAHOE RD2026-05$633,7502,62658.7%
3121 RT US 9 SO2026-06$480,0002,12055.8%

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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 →