The Fair Share Report

17 Maple Ave

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

≈ $413,398

Likely range $386,646 – $460,015, 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 $413,398 home should be assessed near $253,744.

Step 3 · Assessed value

$211,000

Set at the last town-wide revaluation and mostly frozen since. That's $42,744 below what the ratio math suggests (16.8%).

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

$7,364/yr
Public schools$3,166
Morris County$730
Town of Dover$3,468
Dover average$8,409

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

Town median 48.4%
This home · 51.0%

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
29 DRAKE AVE2025-12$434,9951,34440.0%
ELLIOTT ST2025-03$490,00011.0%
97 W CLINTON ST2025-11$380,0001,59652.7%
51 KING ST2025-11$460,0001,48543.8%
60 PASSAIC ST2025-02$403,5001,39640.9%
3 MYRTLE AVE2025-06$420,0001,50042.3%
50 RICHARDS AVE2025-09$435,0001,47042.4%
179 PEQUANNOCK ST2026-04$540,0001,46844.8%
101 HARDING AVE2025-01$460,0001,56247.9%
8 LINCOLN AVE2025-01$420,0001,53842.1%
55 LINCOLN AVE2025-05$480,0001,56550.0%
46 BERRY ST2025-10$440,0001,32843.5%

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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 →