The Fair Share Report

5 Baker 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

≈ $505,499

Likely range $430,750 – $541,416, from 12 comparable Dover sales in the past 18 months, at this home's 1,723 sq ft.

Step 2 · The Director's Ratio

61.38%

The state's official measure of how far Dover assessments sit below market value — republished every October, applied town-wide. A $505,499 home should be assessed near $310,275.

Step 3 · Assessed value

$226,200

Set at the last town-wide revaluation and mostly frozen since. That's $84,075 below what the ratio math suggests (27.1%).

Step 4 · The tax rate — same for every Dover home

$3.489 per $100 assessed

$1.500 Schools · 43% $0.346 County · 10% $1.643 Town · 47%

Step 5 · The bill

$7,894/yr
Public schools$3,394
Morris County$783
Town of Dover$3,718
Dover average$8,409

This home vs. every recent Dover sale · assessed ÷ market

Town median 48.4%
This home · 44.7%

33%76%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
78 JAMES ST2025-12$549,9001,75049.1%
52 CENTRAL AVE2025-10$400,0001,60056.4%
42 BAKER AVE2025-09$545,0001,61852.8%
101 HARDING AVE2025-01$460,0001,56247.9%
94BAKER AVE2025-01$470,0001,60254.1%
26 HARRISON ST A&B2026-05$720,0001,67928.7%
51 KING ST2025-11$460,0001,48543.8%
97 W CLINTON ST2025-11$380,0001,59652.7%
33-35 GRANT ST2025-07$434,7001,48949.0%
8 N ELK AVE2026-04$482,0001,61457.5%
179 PEQUANNOCK ST2026-04$540,0001,46844.8%
38 E DICKERSON ST2026-05$435,0001,62547.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →