The Fair Share Report

91 Rt 50

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

≈ $484,795

Likely range $427,050 – $545,973, 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 $484,795 home should be assessed near $274,636.

Step 3 · Assessed value

$291,300

Set at the last town-wide revaluation and mostly frozen since. That's $16,664 above what the ratio math suggests (6.1%).

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

$6,782/yr
Public schools$4,856
Cape May County$975
Town of Upper$951
Upper average$6,686

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

Town median 55.3%
This home · 60.1%

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
320 DENNS/PTSBG RD2026-06$485,0002,15363.3%
58 RT 502025-01$425,0001,68054.8%
1611 RT 502025-10$200,0001,57962.6%
1450 STAGECOACH RD2025-05$489,0001,85450.0%
1054 RT US 9 SO2025-06$567,7502,61563.5%
78 TYLER RD2025-12$350,0002,11477.7%
4 HUNTINGTON LA2026-03$660,0002,00548.5%
15 E SUNRISE RD2025-04$395,0002,06063.6%
727 RT 502025-06$470,0002,03953.0%
1731 RT US 9 SO #282026-03$550,0002,00252.2%
1731 RT US 9 SO #252026-03$519,0002,00255.3%
1731 RT US 9 SO #412025-07$480,0002,00262.4%

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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 →