The Fair Share Report
44 Grace St
Dover, NJ 07801
The town catches up with market prices only once a year — and only based on the average change of all homes in the area. This report checks whether this house's assessment kept pace.
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This home's payments are about right
It sits inside Dover's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $400,259 – $527,320, 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 $452,932 home should be assessed near $278,010.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,610 below what the ratio math suggests (16.8%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 61 W MUNSON AVE | 2025-10 | $495,000 | 1,566 | 50.1% |
| 104 JORDAN TER | 2025-11 | $490,000 | 1,464 | 48.7% |
| 128 ORAM DR | 2026-01 | $435,000 | 1,492 | 49.2% |
| 21 LIBERTY ST | 2025-07 | $535,000 | 1,836 | 52.6% |
| 28 FRED TER | 2025-08 | $415,000 | 1,560 | 51.0% |
| 56 HILLSIDE AVE A&B | 2025-05 | $260,000 | 1,267 | 70.7% |
| 101 HARDING AVE | 2025-01 | $460,000 | 1,562 | 47.9% |
| 3 MYRTLE AVE | 2025-06 | $420,000 | 1,500 | 42.3% |
| 19 JORDAN TER | 2025-05 | $515,000 | 1,228 | 36.3% |
| 19 JORDAN TER | 2025-01 | $474,300 | 1,228 | 39.4% |
| 55 LINCOLN AVE | 2025-05 | $480,000 | 1,565 | 50.0% |
| 51 KING ST | 2025-11 | $460,000 | 1,485 | 43.8% |
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