The Fair Share Report

21 Second 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

≈ $452,467

Likely range $374,527 – $516,717, from 12 comparable Dover sales in the past 18 months, at this home's 1,320 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 $452,467 home should be assessed near $277,724.

Step 3 · Assessed value

$180,100

Set at the last town-wide revaluation and mostly frozen since. That's $97,624 below what the ratio math suggests (35.2%).

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

$6,285/yr
Public schools$2,702
Morris County$623
Town of Dover$2,960
Dover average$8,409

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

Town median 48.4%
This home · 39.8%

29%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
333 W CLINTON ST2025-12$449,0001,39454.0%
37 KEARNEY ST2026-04$496,0001,44744.7%
19 SOUTH ST2026-06$517,5001,32240.8%
94 RANDOLPH AVE2025-09$485,0001,32449.3%
105 PENN AVE2025-09$625,0001,61936.5%
3-5 SICKLE ST2025-11$590,0001,29637.1%
49 KEARNEY ST2026-02$500,00042.7%
40 LINWOOD AVE2025-10$475,0001,03245.7%
28 FRED TER2025-08$415,0001,56051.0%
37 FIRST ST2025-09$450,0001,58650.6%
56 HILLSIDE AVE A&B2025-05$260,0001,26770.7%
100 W CLINTON ST2026-05$310,0001,64265.4%

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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 →