The Fair Share Report
5 Fourth 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 $413,308 – $605,364, 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 $464,123 home should be assessed near $284,879.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,579 below what the ratio math suggests (20.9%).
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
32%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 |
|---|---|---|---|---|
| 128 ORAM DR | 2026-01 | $435,000 | 1,492 | 49.2% |
| 28 FRED TER | 2025-08 | $415,000 | 1,560 | 51.0% |
| 130 KING ST | 2026-03 | $365,000 | — | 60.6% |
| 61 W MUNSON AVE | 2025-10 | $495,000 | 1,566 | 50.1% |
| 56 HILLSIDE AVE A&B | 2025-05 | $260,000 | 1,267 | 70.7% |
| 105 PENN AVE | 2025-09 | $625,000 | 1,619 | 36.5% |
| 100 W CLINTON ST | 2026-05 | $310,000 | 1,642 | 65.4% |
| 19 JORDAN TER | 2025-05 | $515,000 | 1,228 | 36.3% |
| 19 JORDAN TER | 2025-01 | $474,300 | 1,228 | 39.4% |
| 104 JORDAN TER | 2025-11 | $490,000 | 1,464 | 48.7% |
| 9 CHRISTOPHER ST | 2025-04 | $545,000 | 1,477 | 45.7% |
| 21 LIBERTY ST | 2025-07 | $535,000 | 1,836 | 52.6% |
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