The Fair Share Report

960 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

≈ $490,891

Likely range $449,271 – $582,666, 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 $490,891 home should be assessed near $278,090.

Step 3 · Assessed value

$297,100

Set at the last town-wide revaluation and mostly frozen since. That's $19,010 above what the ratio math suggests (6.8%).

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%

This home's own bill implies $1.567 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$4,657/yr
Public schools$3,334
Cape May County$669
Town of Upper$653
Upper average$6,686

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

Town median 55.3%
This home · 60.5%

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
815 SEASOUNDS AVE2025-05$525,0002,02447.1%
15 WHITE OAK DR2026-06$475,8852,16857.3%
10 WILLIAMS WAY2026-05$485,0002,07461.2%
6 BLACK OAK DR2026-06$340,0001,96273.8%
705 RT US 9 SO2026-01$499,9001,85047.6%
3 BEESLEYS PL2026-05$445,0001,95056.2%
11 WILKIE BLVD2025-11$407,0001,93561.0%
656 STAGECOACH RD2025-05$610,0001,91441.6%
18 E KATHARINE AVE2025-05$600,0002,41650.3%
727 RT 502025-06$470,0002,03953.0%
11 RED OAK DR2025-12$425,0001,80650.9%
12 ASHCROFT AVE2026-01$553,0001,94350.1%

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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 →