The Fair Share Report
3 Fourth St
Dover, NJ 07081
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $380,728 – $522,449, 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 $449,195 home should be assessed near $275,716.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $89,516 below what the ratio math suggests (32.5%).
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
30%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 37 KEARNEY ST | 2026-04 | $496,000 | 1,447 | 44.7% |
| 40 LINWOOD AVE | 2025-10 | $475,000 | 1,032 | 45.7% |
| 94 RANDOLPH AVE | 2025-09 | $485,000 | 1,324 | 49.3% |
| 3-5 SICKLE ST | 2025-11 | $590,000 | 1,296 | 37.1% |
| 333 W CLINTON ST | 2025-12 | $449,000 | 1,394 | 54.0% |
| 25 WATSON DR | 2025-11 | $500,000 | 1,140 | 43.4% |
| 21 RUTAN DR | 2025-04 | $436,000 | 1,122 | 42.0% |
| 19 SOUTH ST | 2026-06 | $517,500 | 1,322 | 40.8% |
| 3 BROOK DR | 2025-04 | $340,000 | 1,008 | 60.3% |
| 37 FIRST ST | 2025-09 | $450,000 | 1,586 | 50.6% |
| 8 N ELK AVE | 2026-04 | $482,000 | 1,614 | 57.5% |
| 9 CHRISTOPHER ST | 2025-04 | $545,000 | 1,477 | 45.7% |
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