The Fair Share Report
51 Beech 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 $420,418 – $529,044, 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 $453,302 home should be assessed near $278,237.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,637 below what the ratio math suggests (32.6%).
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
30%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 |
|---|---|---|---|---|
| 3-5 SICKLE ST | 2025-11 | $590,000 | 1,296 | 37.1% |
| 33 W CLINTON ST A&B | 2024-12 | $685,000 | 1,160 | 31.1% |
| 25 WATSON DR | 2025-11 | $500,000 | 1,140 | 43.4% |
| 9 CHRISTOPHER ST | 2025-04 | $545,000 | 1,477 | 45.7% |
| 21 HILLSIDE AVE | 2025-07 | $460,000 | 936 | 38.3% |
| 19 JORDAN TER | 2025-05 | $515,000 | 1,228 | 36.3% |
| 19 JORDAN TER | 2025-01 | $474,300 | 1,228 | 39.4% |
| 19 SOUTH ST | 2026-06 | $517,500 | 1,322 | 40.8% |
| 179 PEQUANNOCK ST | 2026-04 | $540,000 | 1,468 | 44.8% |
| 56 HILLSIDE AVE A&B | 2025-05 | $260,000 | 1,267 | 70.7% |
| 51 KING ST | 2025-11 | $460,000 | 1,485 | 43.8% |
| 8 LINCOLN AVE | 2025-01 | $420,000 | 1,538 | 42.1% |
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