The Fair Share Report

52 Conrad Pl

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.

Step 1 · Market value

≈ $449,123

Likely range $365,560 – $520,703, from 12 comparable Dover sales in the past 18 months (home size estimated from assessor data — range widened).

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 $449,123 home should be assessed near $275,672.

Step 3 · Assessed value

$170,000

Set at the last town-wide revaluation and mostly frozen since. That's $105,672 below what the ratio math suggests (38.3%).

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%

This home's own bill implies $3.196 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$5,433/yr
Public schools$2,336
Morris County$539
Town of Dover$2,558
Dover average$8,409

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

Town median 48.4%
This home · 37.9%

27%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)

AddressSoldPriceSq ftRatio
49 KEARNEY ST2026-02$500,00042.7%
58 CONRAD PL2026-02$455,00044.3%
3 BROOK DR2025-04$340,0001,00860.3%
11 FRONT ST2025-11$350,00094450.6%
60 WATSON DR2026-05$515,00092437.4%
25 WATSON DR2025-11$500,0001,14043.4%
44 CURTIS ST2026-03$250,00093276.3%
21 HILLSIDE AVE2025-07$460,00093638.3%
18 GRANT ST2026-02$452,00091040.3%
40 LINWOOD AVE2025-10$475,0001,03245.7%
22 SOUTH HIGHLAND AVE2025-12$460,00091046.0%
19 SOUTH ST2026-06$517,5001,32240.8%

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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 →