The Fair Share Report

263 Ann 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

≈ $415,400

Likely range $372,271 – $487,794, 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 $415,400 home should be assessed near $254,973.

Step 3 · Assessed value

$165,000

Set at the last town-wide revaluation and mostly frozen since. That's $89,973 below what the ratio math suggests (35.3%).

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

$5,759/yr
Public schools$2,476
Morris County$571
Town of Dover$2,712
Dover average$8,409

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

Town median 48.4%
This home · 39.7%

28%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
40 LINWOOD AVE2025-10$475,0001,03245.7%
21 RUTAN DR2025-04$436,0001,12242.0%
183 BAKER ST2025-06$539,0001,20948.4%
25 WATSON DR2025-11$500,0001,14043.4%
94 RANDOLPH AVE2025-09$485,0001,32449.3%
333 W CLINTON ST2025-12$449,0001,39454.0%
37 KEARNEY ST2026-04$496,0001,44744.7%
120 PARK HEIGHTS AVE2025-12$525,0001,52844.9%
3 BROOK DR2025-04$340,0001,00860.3%
170 PARK HEIGHTS AVE2026-04$500,0001,91250.0%
104 JORDAN TER2025-11$490,0001,46448.7%
19 JORDAN TER2025-05$515,0001,22836.3%

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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 →