The Fair Share Report

33 Second St

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

≈ $537,703

Likely range $484,094 – $655,546, 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 $537,703 home should be assessed near $330,042.

Step 3 · Assessed value

$270,300

Set at the last town-wide revaluation and mostly frozen since. That's $59,742 below what the ratio math suggests (18.1%).

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

$9,433/yr
Public schools$4,056
Morris County$936
Town of Dover$4,442
Dover average$8,409

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

Town median 48.4%
This home · 50.3%

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
48 BYRAM AVE2025-11$520,0001,97058.4%
42 ELENA PL2025-01$590,0002,11046.0%
21 LIBERTY ST2025-07$535,0001,83652.6%
28 ELIZABETH ST2025-02$561,5002,10062.8%
43 BAKER ST2025-03$600,0001,82452.9%
7 JESSICA LN2026-04$630,0001,95250.6%
83 WHITE ST2026-05$693,0002,04452.4%
61 W MUNSON AVE2025-10$495,0001,56650.1%
44 PROSPECT ST2025-05$487,5001,98848.2%
170 PARK HEIGHTS AVE2026-04$500,0001,91250.0%
70 DAVIS AVE A&B2025-11$480,0002,02453.8%
94 S MORRIS ST A&B2026-02$500,0002,06248.4%

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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 →