The Fair Share Report

175 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

≈ $478,311

Likely range $432,959 – $510,226, from 12 comparable Dover sales in the past 18 months, at this home's 1,485 sq ft.

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 $478,311 home should be assessed near $293,587.

Step 3 · Assessed value

$281,200

Set at the last town-wide revaluation and mostly frozen since. That's $12,387 below what the ratio math suggests (4.2%).

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

$9,814/yr
Public schools$4,219
Morris County$973
Town of Dover$4,621
Dover average$8,409

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

Town median 48.4%
This home · 58.8%

33%76%

A touch high — worth watching

This home's ratio sits above most of Dover, but doesn't clear NJ's legal appeal line (70.59%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
104 JORDAN TER2025-11$490,0001,46448.7%
128 ORAM DR2026-01$435,0001,49249.2%
28 FRED TER2025-08$415,0001,56051.0%
333 W CLINTON ST2025-12$449,0001,39454.0%
105 PENN AVE2025-09$625,0001,61936.5%
56 HILLSIDE AVE A&B2025-05$260,0001,26770.7%
120 PARK HEIGHTS AVE2025-12$525,0001,52844.9%
37 KEARNEY ST2026-04$496,0001,44744.7%
19 SOUTH ST2026-06$517,5001,32240.8%
100 W CLINTON ST2026-05$310,0001,64265.4%
19 JORDAN TER2025-05$515,0001,22836.3%
19 JORDAN TER2025-01$474,3001,22839.4%

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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 →