The Fair Share Report

9 Tyler Rd

Upper, NJ 08230

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

This home's payments are about right

It sits inside Upper's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $436,538

Likely range $364,843 – $492,666, 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 $436,538 home should be assessed near $247,299.

Step 3 · Assessed value

$188,500

Set at the last town-wide revaluation and mostly frozen since. That's $58,799 below what the ratio math suggests (23.8%).

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

$4,550/yr
Public schools$3,258
Cape May County$654
Town of Upper$638
Upper average$6,686

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

Town median 55.3%
This home · 43.2%

33%79%

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

AddressSoldPriceSq ftRatio
288 RT 492025-01$230,0001,63298.4%
8 SHEILA AVE2025-10$410,0001,68456.3%
10 MEADOWLARK RD2026-05$469,0001,85649.4%
705 RT US 9 SO2026-01$499,9001,85047.6%
1313 STAGECOACH RD2026-01$275,0001,65281.1%
1450 STAGECOACH RD2025-05$489,0001,85450.0%
58 RT 502025-01$425,0001,68054.8%
43 WEXTON DR2025-07$399,0001,75861.2%
10 LUKE CT2025-07$568,5001,76459.0%
11 RED OAK DR2025-12$425,0001,80650.9%
15 WHITE OAK DR2026-06$475,8852,16857.3%
6 SEASOUNDS AVE2026-05$371,0001,75261.9%

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