The Fair Share Report

116 Brook Dr

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

≈ $510,209

Likely range $457,819 – $683,923, 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 $510,209 home should be assessed near $313,166.

Step 3 · Assessed value

$243,900

Set at the last town-wide revaluation and mostly frozen since. That's $69,266 below what the ratio math suggests (22.1%).

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

$8,512/yr
Public schools$3,660
Morris County$844
Town of Dover$4,008
Dover average$8,409

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

Town median 48.4%
This home · 47.8%

30%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
28 FRED TER2025-08$415,0001,56051.0%
333 W CLINTON ST2025-12$449,0001,39454.0%
105 PENN AVE2025-09$625,0001,61936.5%
128 ORAM DR2026-01$435,0001,49249.2%
104 JORDAN TER2025-11$490,0001,46448.7%
100 W CLINTON ST2026-05$310,0001,64265.4%
23 SANFORD ST2025-05$505,0001,84447.8%
21 LINCOLN AVE2025-12$752,0001,78043.0%
26 HARRISON ST A&B2026-05$720,0001,67928.7%
8 N ELK AVE2026-04$482,0001,61457.5%
185 ANN ST2025-07$585,0002,02348.7%
42 FIRST ST A&B2026-05$650,0001,69234.0%

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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 →