The Fair Share Report

151 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

≈ $558,677

Likely range $534,377 – $601,705, 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 $558,677 home should be assessed near $342,916.

Step 3 · Assessed value

$276,800

Set at the last town-wide revaluation and mostly frozen since. That's $66,116 below what the ratio math suggests (19.3%).

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

$9,660/yr
Public schools$4,153
Morris County$958
Town of Dover$4,549
Dover average$8,409

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

Town median 48.4%
This home · 49.5%

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
185 ANN ST2025-07$585,0002,02348.7%
48 BYRAM AVE2025-11$520,0001,97058.4%
130 KING ST2026-03$365,00060.6%
42 ELENA PL2025-01$590,0002,11046.0%
23 SANFORD ST2025-05$505,0001,84447.8%
94 S MORRIS ST A&B2026-02$500,0002,06248.4%
94 S MORRIS ST A&B2025-09$360,0002,06267.2%
11 E MC FARLAN ST A&B2025-10$420,0002,27262.0%
58 CONRAD PL2026-02$455,00044.3%
28 FRED TER2025-08$415,0001,56051.0%
28 ELIZABETH ST2025-02$561,5002,10062.8%
7 JESSICA LN2026-04$630,0001,95250.6%

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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 →