The Fair Share Report
15 Second 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 $576,374 – $897,624, 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 $705,742 home should be assessed near $433,184.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,484 below what the ratio math suggests (8.9%).
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 |
|---|---|---|---|---|
| 11 N ESSEX ST & ABCD | 2025-04 | $300,000 | 3,426 | 108.0% |
| 83 WHITE ST | 2026-05 | $693,000 | 2,044 | 52.4% |
| ELLIOTT ST | 2025-03 | $490,000 | — | 11.0% |
| 126 PROSPECT ST A&B | 2026-01 | $430,000 | 2,454 | 59.7% |
| 36 PROSPECT ST | 2026-02 | $440,000 | 2,447 | 49.6% |
| 101 PRINCETON AVE A&B | 2025-02 | $585,000 | 2,363 | 50.7% |
| 48 S SALEM ST | 2025-10 | $525,000 | 2,736 | 61.7% |
| 28 ELIZABETH ST | 2025-02 | $561,500 | 2,100 | 62.8% |
| 103-105 KING ST | 2025-06 | $630,000 | 2,238 | 41.9% |
| 301 E MC FARLAN ST A&B | 2026-05 | $706,240 | 3,372 | 46.2% |
| 59 LINCOLN AVE | 2025-09 | $530,000 | 2,228 | 46.9% |
| 1 ROCKRIDGE TER | 2026-01 | $610,000 | 2,797 | 69.0% |
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