The Fair Share Report

36 Central Ave

Dover, NJ 07005

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

≈ $371,601

Likely range $359,087 – $436,420, from 12 comparable Dover sales in the past 18 months, at this home's 1,230 sq ft.

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 $371,601 home should be assessed near $228,089.

Step 3 · Assessed value

$205,000

Set at the last town-wide revaluation and mostly frozen since. That's $23,089 below what the ratio math suggests (10.1%).

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

$7,155/yr
Public schools$3,076
Morris County$710
Town of Dover$3,369
Dover average$8,409

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

Town median 48.4%
This home · 55.2%

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
21 RUTAN DR2025-04$436,0001,12242.0%
60 PASSAIC ST2025-02$403,5001,39640.9%
94 RANDOLPH AVE2025-09$485,0001,32449.3%
50 RICHARDS AVE2025-09$435,0001,47042.4%
46 BERRY ST2025-10$440,0001,32843.5%
17 LEONARD ST2025-07$445,0001,52248.0%
121 W CHRYSTAL ST2025-05$500,0001,65550.8%
42 FIRST ST A&B2026-05$650,0001,69234.0%
3 MYRTLE AVE2025-06$420,0001,50042.3%
77BAKER AVE2026-02$515,0001,72051.5%
77BAKER AVE2025-12$350,0001,72075.9%
11 E FAIRVIEW AVE2025-04$525,0001,62442.6%

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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 →