The Fair Share Report
48 E Munson 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 $393,124 – $516,688, 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 $421,589 home should be assessed near $258,771.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,971 below what the ratio math suggests (21.2%).
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 |
|---|---|---|---|---|
| 33-35 GRANT ST | 2025-07 | $434,700 | 1,489 | 49.0% |
| 51 KING ST | 2025-11 | $460,000 | 1,485 | 43.8% |
| 179 PEQUANNOCK ST | 2026-04 | $540,000 | 1,468 | 44.8% |
| 94BAKER AVE | 2025-01 | $470,000 | 1,602 | 54.1% |
| 3-5 SICKLE ST | 2025-11 | $590,000 | 1,296 | 37.1% |
| 42 BAKER AVE | 2025-09 | $545,000 | 1,618 | 52.8% |
| 101 HARDING AVE | 2025-01 | $460,000 | 1,562 | 47.9% |
| 60 PASSAIC ST | 2025-02 | $403,500 | 1,396 | 40.9% |
| 19 SOUTH ST | 2026-06 | $517,500 | 1,322 | 40.8% |
| 52 CENTRAL AVE | 2025-10 | $400,000 | 1,600 | 56.4% |
| 9 CHRISTOPHER ST | 2025-04 | $545,000 | 1,477 | 45.7% |
| 94 RANDOLPH AVE | 2025-09 | $485,000 | 1,324 | 49.3% |
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