The Fair Share Report

19 First 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

≈ $406,513

Likely range $367,227 – $488,071, from 12 comparable Dover sales in the past 18 months, at this home's 1,256 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 $406,513 home should be assessed near $249,518.

Step 3 · Assessed value

$195,100

Set at the last town-wide revaluation and mostly frozen since. That's $54,418 below what the ratio math suggests (21.8%).

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

$6,809/yr
Public schools$2,927
Morris County$675
Town of Dover$3,206
Dover average$8,409

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

Town median 48.4%
This home · 48.0%

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
ELLIOTT ST2025-03$490,00011.0%
126 PRINCETON AVE2026-05$446,0001,25747.5%
29 DRAKE AVE2025-12$434,9951,34440.0%
46 BERRY ST2025-10$440,0001,32843.5%
60 PASSAIC ST2025-02$403,5001,39640.9%
3 MYRTLE AVE2025-06$420,0001,50042.3%
33 W CLINTON ST A&B2024-12$685,0001,16031.1%
50 RICHARDS AVE2025-09$435,0001,47042.4%
55 LINCOLN AVE2025-05$480,0001,56550.0%
21 RUTAN DR2025-04$436,0001,12242.0%
17 LEONARD ST2025-07$445,0001,52248.0%
3-5 SICKLE ST2025-11$590,0001,29637.1%

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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 →