The Fair Share Report
48 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 $320,339 – $436,747, from 12 comparable Dover sales in the past 18 months, at this home's 864 sq ft.
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 $394,200 home should be assessed near $241,960.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,560 below what the ratio math suggests (47.3%).
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
24%76%
Keep quiet and enjoy it
This home's assessment ratio sits below the Dover pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| ELLIOTT ST | 2025-03 | $490,000 | — | 11.0% |
| 22 SOUTH HIGHLAND AVE | 2025-12 | $460,000 | 910 | 46.0% |
| 18 GRANT ST | 2026-02 | $452,000 | 910 | 40.3% |
| 11 FRONT ST | 2025-11 | $350,000 | 944 | 50.6% |
| 60 WATSON DR | 2026-05 | $515,000 | 924 | 37.4% |
| 92 BAKER ST | 2025-08 | $355,000 | 792 | 39.5% |
| 21 HILLSIDE AVE | 2025-07 | $460,000 | 936 | 38.3% |
| 44 CURTIS ST | 2026-03 | $250,000 | 932 | 76.3% |
| 40 ACADEMY ST | 2025-05 | $435,000 | 756 | 42.1% |
| 126 BAKER ST | 2026-02 | $340,000 | — | 41.7% |
| 3 BROOK DR | 2025-04 | $340,000 | 1,008 | 60.3% |
| 98 BAKER ST | 2025-09 | $195,000 | 946 | 72.8% |
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