The Fair Share Report

56 E Munson Ave

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

≈ $434,815

Likely range $423,087 – $556,042, 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 $434,815 home should be assessed near $266,889.

Step 3 · Assessed value

$213,600

Set at the last town-wide revaluation and mostly frozen since. That's $53,289 below what the ratio math suggests (20.0%).

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

$7,455/yr
Public schools$3,205
Morris County$739
Town of Dover$3,510
Dover average$8,409

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

Town median 48.4%
This home · 49.1%

33%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
9 CHRISTOPHER ST2025-04$545,0001,47745.7%
179 PEQUANNOCK ST2026-04$540,0001,46844.8%
33-35 GRANT ST2025-07$434,7001,48949.0%
100 W CLINTON ST2026-05$310,0001,64265.4%
51 KING ST2025-11$460,0001,48543.8%
94BAKER AVE2025-01$470,0001,60254.1%
3-5 SICKLE ST2025-11$590,0001,29637.1%
42 BAKER AVE2025-09$545,0001,61852.8%
19 SOUTH ST2026-06$517,5001,32240.8%
8 N ELK AVE2026-04$482,0001,61457.5%
8 LINCOLN AVE2025-01$420,0001,53842.1%
101 HARDING AVE2025-01$460,0001,56247.9%

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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 →