The Fair Share Report

116 Baker St

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

≈ $458,192

Likely range $390,035 – $554,116, from 12 comparable Dover sales in the past 18 months (home size estimated from assessor data — range widened).

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 $458,192 home should be assessed near $281,238.

Step 3 · Assessed value

$160,200

Set at the last town-wide revaluation and mostly frozen since. That's $121,038 below what the ratio math suggests (43.0%).

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

$5,591/yr
Public schools$2,404
Morris County$554
Town of Dover$2,633
Dover average$8,409

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

Town median 48.4%
This home · 35.0%

23%76%

Keep quiet and enjoy it

This home's assessment ratio sits below the Dover pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
98 BAKER ST2025-09$195,00094672.8%
126 BAKER ST2026-02$340,00041.7%
92 BAKER ST2025-08$355,00079239.5%
25 WATSON DR2025-11$500,0001,14043.4%
33 W CLINTON ST A&B2024-12$685,0001,16031.1%
19 JORDAN TER2025-05$515,0001,22836.3%
19 JORDAN TER2025-01$474,3001,22839.4%
110 MT HOPE AVE2025-07$385,00091046.7%
22 SOUTH HIGHLAND AVE2025-12$460,00091046.0%
56 HILLSIDE AVE A&B2025-05$260,0001,26770.7%
11 FRONT ST2025-11$350,00094450.6%
18 GRANT ST2026-02$452,00091040.3%

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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 →