The Fair Share Report

16 Kyle 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

≈ $523,896

Likely range $501,109 – $564,616, 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 $523,896 home should be assessed near $321,567.

Step 3 · Assessed value

$263,000

Set at the last town-wide revaluation and mostly frozen since. That's $58,567 below what the ratio math suggests (18.2%).

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

$9,179/yr
Public schools$3,946
Morris County$910
Town of Dover$4,322
Dover average$8,409

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

Town median 48.4%
This home · 50.2%

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
130 KING ST2026-03$365,00060.6%
23 SANFORD ST2025-05$505,0001,84447.8%
58 CONRAD PL2026-02$455,00044.3%
28 FRED TER2025-08$415,0001,56051.0%
128 ORAM DR2026-01$435,0001,49249.2%
100 W CLINTON ST2026-05$310,0001,64265.4%
48 BYRAM AVE2025-11$520,0001,97058.4%
105 PENN AVE2025-09$625,0001,61936.5%
21 LIBERTY ST2025-07$535,0001,83652.6%
78 JAMES ST2025-12$549,9001,75049.1%
49 KEARNEY ST2026-02$500,00042.7%
60 NEW ST2025-01$434,0001,85874.5%

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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 →