The Fair Share Report
48 Beech St
Dover, NJ 07801
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
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 $387,974 – $545,941, 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 $507,451 home should be assessed near $311,473.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $118,573 below what the ratio math suggests (38.1%).
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
30%76%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 JORDAN TER | 2025-05 | $515,000 | 1,228 | 36.3% |
| 19 JORDAN TER | 2025-01 | $474,300 | 1,228 | 39.4% |
| 56 HILLSIDE AVE A&B | 2025-05 | $260,000 | 1,267 | 70.7% |
| 25 WATSON DR | 2025-11 | $500,000 | 1,140 | 43.4% |
| 19 SOUTH ST | 2026-06 | $517,500 | 1,322 | 40.8% |
| 3-5 SICKLE ST | 2025-11 | $590,000 | 1,296 | 37.1% |
| 130 KING ST | 2026-03 | $365,000 | — | 60.6% |
| 22 SOUTH HIGHLAND AVE | 2025-12 | $460,000 | 910 | 46.0% |
| 183 BAKER ST | 2025-06 | $539,000 | 1,209 | 48.4% |
| 18 GRANT ST | 2026-02 | $452,000 | 910 | 40.3% |
| 128 ORAM DR | 2026-01 | $435,000 | 1,492 | 49.2% |
| 60 WATSON DR | 2026-05 | $515,000 | 924 | 37.4% |
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