The Fair Share Report
37 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $435,646 – $537,605, 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 $491,291 home should be assessed near $301,554.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,954 below what the ratio math suggests (21.5%).
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
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 |
|---|---|---|---|---|
| 21 LIBERTY ST | 2025-07 | $535,000 | 1,836 | 52.6% |
| 61 W MUNSON AVE | 2025-10 | $495,000 | 1,566 | 50.1% |
| 42 ELENA PL | 2025-01 | $590,000 | 2,110 | 46.0% |
| 48 BYRAM AVE | 2025-11 | $520,000 | 1,970 | 58.4% |
| 43 BAKER ST | 2025-03 | $600,000 | 1,824 | 52.9% |
| 104 JORDAN TER | 2025-11 | $490,000 | 1,464 | 48.7% |
| 128 ORAM DR | 2026-01 | $435,000 | 1,492 | 49.2% |
| 78 JAMES ST | 2025-12 | $549,900 | 1,750 | 49.1% |
| 28 FRED TER | 2025-08 | $415,000 | 1,560 | 51.0% |
| 52 CENTRAL AVE | 2025-10 | $400,000 | 1,600 | 56.4% |
| 97 W CLINTON ST | 2025-11 | $380,000 | 1,596 | 52.7% |
| 55 LINCOLN AVE | 2025-05 | $480,000 | 1,565 | 50.0% |
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