The Fair Share Report
31 First St
Dover, NJ 08844
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 $397,728 – $463,039, 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 $435,851 home should be assessed near $267,525.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,425 below what the ratio math suggests (21.8%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 29 DRAKE AVE | 2025-12 | $434,995 | 1,344 | 40.0% |
| 54 SAMMIS AVE | 2025-03 | $364,900 | 1,541 | 46.1% |
| 97 W CLINTON ST | 2025-11 | $380,000 | 1,596 | 52.7% |
| 51 KING ST | 2025-11 | $460,000 | 1,485 | 43.8% |
| 3 MYRTLE AVE | 2025-06 | $420,000 | 1,500 | 42.3% |
| 8 LINCOLN AVE | 2025-01 | $420,000 | 1,538 | 42.1% |
| 50 RICHARDS AVE | 2025-09 | $435,000 | 1,470 | 42.4% |
| 101 HARDING AVE | 2025-01 | $460,000 | 1,562 | 47.9% |
| ELLIOTT ST | 2025-03 | $490,000 | — | 11.0% |
| 55 LINCOLN AVE | 2025-05 | $480,000 | 1,565 | 50.0% |
| 179 PEQUANNOCK ST | 2026-04 | $540,000 | 1,468 | 44.8% |
| 33-35 GRANT ST | 2025-07 | $434,700 | 1,489 | 49.0% |
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