The Fair Share Report

3 E Fairview Ave

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

≈ $589,542

Likely range $448,579 – $646,637, 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 $589,542 home should be assessed near $361,861.

Step 3 · Assessed value

$338,800

Set at the last town-wide revaluation and mostly frozen since. That's $23,061 below what the ratio math suggests (6.4%).

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

$11,824/yr
Public schools$5,083
Morris County$1,173
Town of Dover$5,568
Dover average$8,409

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

Town median 48.4%
This home · 57.5%

33%81%

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
48 S SALEM ST2025-10$525,0002,73661.7%
36 PROSPECT ST2026-02$440,0002,44749.6%
11 E MC FARLAN ST A&B2025-10$420,0002,27262.0%
365 W CLINTON ST2025-01$500,0002,22851.5%
126 PROSPECT ST A&B2026-01$430,0002,45459.7%
11 LINWOOD AVE2025-10$550,0002,41869.5%
101 PRINCETON AVE A&B2025-02$585,0002,36350.7%
94 S MORRIS ST A&B2026-02$500,0002,06248.4%
94 S MORRIS ST A&B2025-09$360,0002,06267.2%
1 ROCKRIDGE TER2026-01$610,0002,79769.0%
2 HILLCREST AVE2025-02$515,0002,25955.2%
11 N ESSEX ST & ABCD2025-04$300,0003,426108.0%

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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 →