The Fair Share Report

28 Kyle 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

≈ $463,416

Likely range $398,787 – $559,222, 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 $463,416 home should be assessed near $284,445.

Step 3 · Assessed value

$180,500

Set at the last town-wide revaluation and mostly frozen since. That's $103,945 below what the ratio math suggests (36.5%).

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

$6,299/yr
Public schools$2,708
Morris County$625
Town of Dover$2,966
Dover average$8,409

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

Town median 48.4%
This home · 38.9%

27%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
25 WATSON DR2025-11$500,0001,14043.4%
130 KING ST2026-03$365,00060.6%
19 JORDAN TER2025-05$515,0001,22836.3%
19 JORDAN TER2025-01$474,3001,22839.4%
44 CURTIS ST2026-03$250,00093276.3%
60 WATSON DR2026-05$515,00092437.4%
3 BROOK DR2025-04$340,0001,00860.3%
11 FRONT ST2025-11$350,00094450.6%
18 GRANT ST2026-02$452,00091040.3%
56 HILLSIDE AVE A&B2025-05$260,0001,26770.7%
22 SOUTH HIGHLAND AVE2025-12$460,00091046.0%
19 SOUTH ST2026-06$517,5001,32240.8%

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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 →