The Fair Share Report

11 E Fairview Ave

Dover, NJ 07801

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

≈ $484,986

Likely range $460,782 – $547,021, from 12 comparable Dover sales in the past 18 months, at this home's 1,624 sq ft.

Step 2 · The Director's Ratio

61.38%

The state's official measure of how far Dover assessments sit below market value — republished every October, applied town-wide. A $484,986 home should be assessed near $297,684.

Step 3 · Assessed value

$223,800

Set at the last town-wide revaluation and mostly frozen since. That's $73,884 below what the ratio math suggests (24.8%).

Step 4 · The tax rate — same for every Dover home

$3.489 per $100 assessed

$1.500 Schools · 43% $0.346 County · 10% $1.643 Town · 47%

Step 5 · The bill

$7,811/yr
Public schools$3,358
Morris County$775
Town of Dover$3,678
Dover average$8,409

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

Town median 48.4%
This home · 46.1%

33%76%

Paying about right

This home's ratio lands inside Dover'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
121 W CHRYSTAL ST2025-05$500,0001,65550.8%
42 FIRST ST A&B2026-05$650,0001,69234.0%
77BAKER AVE2026-02$515,0001,72051.5%
77BAKER AVE2025-12$350,0001,72075.9%
25 E MUNSON AVE2025-09$450,0001,74252.3%
17 LEONARD ST2025-07$445,0001,52248.0%
55 LINCOLN AVE2025-05$480,0001,56550.0%
26 HARRISON ST A&B2026-05$720,0001,67928.7%
50 RICHARDS AVE2025-09$435,0001,47042.4%
3 MYRTLE AVE2025-06$420,0001,50042.3%
8 N ELK AVE2026-04$482,0001,61457.5%
60 PASSAIC ST2025-02$403,5001,39640.9%

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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 →