The Fair Share Report
48 Central Ave
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 $381,950 – $473,581, 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 $437,716 home should be assessed near $268,670.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,670 below what the ratio math suggests (23.0%).
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 |
|---|---|---|---|---|
| 105-107 THOMPSON AVE | 2025-04 | $575,000 | 1,440 | 28.8% |
| 24 LIVINGSTON AVE | 2025-11 | $510,000 | 1,477 | 44.6% |
| 46 BERRY ST | 2025-10 | $440,000 | 1,328 | 43.5% |
| 60 PASSAIC ST | 2025-02 | $403,500 | 1,396 | 40.9% |
| ELLIOTT ST | 2025-03 | $490,000 | — | 11.0% |
| 3 MYRTLE AVE | 2025-06 | $420,000 | 1,500 | 42.3% |
| 50 RICHARDS AVE | 2025-09 | $435,000 | 1,470 | 42.4% |
| 29 DRAKE AVE | 2025-12 | $434,995 | 1,344 | 40.0% |
| 55 LINCOLN AVE | 2025-05 | $480,000 | 1,565 | 50.0% |
| 17 LEONARD ST | 2025-07 | $445,000 | 1,522 | 48.0% |
| 3-5 SICKLE ST | 2025-11 | $590,000 | 1,296 | 37.1% |
| 25 E MUNSON AVE | 2025-09 | $450,000 | 1,742 | 52.3% |
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