The Fair Share Report

17 E Cooper 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.

Step 1 · Market value

≈ $533,874

Likely range $471,544 – $676,809, 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 $533,874 home should be assessed near $327,692.

Step 3 · Assessed value

$240,600

Set at the last town-wide revaluation and mostly frozen since. That's $87,092 below what the ratio math suggests (26.6%).

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

$8,397/yr
Public schools$3,610
Morris County$833
Town of Dover$3,954
Dover average$8,409

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

Town median 48.4%
This home · 45.1%

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
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%
37 KEARNEY ST2026-04$496,0001,44744.7%
100 W CLINTON ST2026-05$310,0001,64265.4%
105 PENN AVE2025-09$625,0001,61936.5%
37 FIRST ST2025-09$450,0001,58650.6%
42 BAKER AVE2025-09$545,0001,61852.8%
94BAKER AVE2025-01$470,0001,60254.1%
2 HILLCREST AVE2025-02$515,0002,25955.2%
78 JAMES ST2025-12$549,9001,75049.1%
235 PROSPECT ST A&B2025-06$620,0001,77043.3%

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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 →