The Fair Share Report

6 Watson Dr

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

≈ $455,764

Likely range $360,321 – $564,951, 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 $455,764 home should be assessed near $279,748.

Step 3 · Assessed value

$213,100

Set at the last town-wide revaluation and mostly frozen since. That's $66,648 below what the ratio math suggests (23.8%).

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

$7,437/yr
Public schools$3,197
Morris County$738
Town of Dover$3,502
Dover average$8,409

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

Town median 48.4%
This home · 46.8%

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)

AddressSoldPriceSq ftRatio
333 W CLINTON ST2025-12$449,0001,39454.0%
28 FRED TER2025-08$415,0001,56051.0%
128 ORAM DR2026-01$435,0001,49249.2%
58 CONRAD PL2026-02$455,00044.3%
105 PENN AVE2025-09$625,0001,61936.5%
19 SOUTH ST2026-06$517,5001,32240.8%
104 JORDAN TER2025-11$490,0001,46448.7%
49 KEARNEY ST2026-02$500,00042.7%
56 HILLSIDE AVE A&B2025-05$260,0001,26770.7%
25 WATSON DR2025-11$500,0001,14043.4%
130 KING ST2026-03$365,00060.6%
19 JORDAN TER2025-05$515,0001,22836.3%

Is this your house?

Run your own report →

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 →