The Fair Share Report

31 E Munson 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

≈ $482,176

Likely range $430,470 – $564,571, 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 $482,176 home should be assessed near $295,960.

Step 3 · Assessed value

$220,000

Set at the last town-wide revaluation and mostly frozen since. That's $75,960 below what the ratio math suggests (25.7%).

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

$7,678/yr
Public schools$3,301
Morris County$761
Town of Dover$3,616
Dover average$8,409

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

Town median 48.4%
This home · 45.6%

33%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
37 KEARNEY ST2026-04$496,0001,44744.7%
37 FIRST ST2025-09$450,0001,58650.6%
33-35 GRANT ST2025-07$434,7001,48949.0%
21 LINCOLN AVE2025-12$752,0001,78043.0%
26 HARRISON ST A&B2026-05$720,0001,67928.7%
8 N ELK AVE2026-04$482,0001,61457.5%
94BAKER AVE2025-01$470,0001,60254.1%
42 BAKER AVE2025-09$545,0001,61852.8%
51 KING ST2025-11$460,0001,48543.8%
94 RANDOLPH AVE2025-09$485,0001,32449.3%
101 HARDING AVE2025-01$460,0001,56247.9%
179 PEQUANNOCK ST2026-04$540,0001,46844.8%

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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 →