The Fair Share Report

60 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

≈ $491,556

Likely range $453,902 – $551,575, 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 $491,556 home should be assessed near $301,717.

Step 3 · Assessed value

$233,300

Set at the last town-wide revaluation and mostly frozen since. That's $68,417 below what the ratio math suggests (22.7%).

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

$8,142/yr
Public schools$3,501
Morris County$807
Town of Dover$3,834
Dover average$8,409

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

Town median 48.4%
This home · 47.5%

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
104 JORDAN TER2025-11$490,0001,46448.7%
21 LIBERTY ST2025-07$535,0001,83652.6%
61 W MUNSON AVE2025-10$495,0001,56650.1%
43 BAKER ST2025-03$600,0001,82452.9%
48 BYRAM AVE2025-11$520,0001,97058.4%
28 FRED TER2025-08$415,0001,56051.0%
128 ORAM DR2026-01$435,0001,49249.2%
105 PENN AVE2025-09$625,0001,61936.5%
100 W CLINTON ST2026-05$310,0001,64265.4%
42 BAKER AVE2025-09$545,0001,61852.8%
94BAKER AVE2025-01$470,0001,60254.1%
42 ELENA PL2025-01$590,0002,11046.0%

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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 →