The Fair Share Report
15 Pine 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $390,417 – $595,796, from 12 comparable Dover sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Dover assessments sit below market value — republished every October, applied town-wide. A $516,343 home should be assessed near $316,931.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,431 below what the ratio math suggests (21.9%).
Step 4 · The tax rate — same for every Dover home
$1.500 Schools · 43% $0.346 County · 10% $1.643 Town · 47%
Step 5 · The bill
This home vs. every recent Dover sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 77BAKER AVE | 2026-02 | $515,000 | 1,720 | 51.5% |
| 77BAKER AVE | 2025-12 | $350,000 | 1,720 | 75.9% |
| 42 FIRST ST A&B | 2026-05 | $650,000 | 1,692 | 34.0% |
| 121 W CHRYSTAL ST | 2025-05 | $500,000 | 1,655 | 50.8% |
| 60 NEW ST | 2025-01 | $434,000 | 1,858 | 74.5% |
| 26 HARRISON ST A&B | 2026-05 | $720,000 | 1,679 | 28.7% |
| 37 FIRST ST | 2025-09 | $450,000 | 1,586 | 50.6% |
| 11 E FAIRVIEW AVE | 2025-04 | $525,000 | 1,624 | 42.6% |
| 94 S MORRIS ST A&B | 2026-02 | $500,000 | 2,062 | 48.4% |
| 94 S MORRIS ST A&B | 2025-09 | $360,000 | 2,062 | 67.2% |
| 25 E MUNSON AVE | 2025-09 | $450,000 | 1,742 | 52.3% |
| 21 LINCOLN AVE | 2025-12 | $752,000 | 1,780 | 43.0% |
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