The Fair Share Report
20 First St
Dover, NJ 07801
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Dover's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $296,143 – $494,808, from 12 comparable Dover sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Dover assessments sit below market value — republished every October, applied town-wide. A $347,421 home should be assessed near $213,247.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,647 below what the ratio math suggests (20.5%).
Step 4 · The tax rate — same for every Dover home
$1.500 Schools · 43% $0.346 County · 10% $1.643 Town · 47%
Step 5 · The bill
This home vs. every recent Dover sale · assessed ÷ market
29%76%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 21 RUTAN DR | 2025-04 | $436,000 | 1,122 | 42.0% |
| 46 BERRY ST | 2025-10 | $440,000 | 1,328 | 43.5% |
| 121 W MUNSON AVE | 2026-03 | $365,000 | 800 | 42.1% |
| 60 PASSAIC ST | 2025-02 | $403,500 | 1,396 | 40.9% |
| 50 RICHARDS AVE | 2025-09 | $435,000 | 1,470 | 42.4% |
| 3 MYRTLE AVE | 2025-06 | $420,000 | 1,500 | 42.3% |
| 21 HILLSIDE AVE | 2025-07 | $460,000 | 936 | 38.3% |
| 55 LINCOLN AVE | 2025-05 | $480,000 | 1,565 | 50.0% |
| 17 LEONARD ST | 2025-07 | $445,000 | 1,522 | 48.0% |
| 126 PRINCETON AVE | 2026-05 | $446,000 | 1,257 | 47.5% |
| 33 W CLINTON ST A&B | 2024-12 | $685,000 | 1,160 | 31.1% |
| 22 SOUTH HIGHLAND AVE | 2025-12 | $460,000 | 910 | 46.0% |
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