The Fair Share Report

7 Baker 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.

Step 1 · Market value

≈ $488,566

Likely range $435,075 – $546,768, 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 $488,566 home should be assessed near $299,882.

Step 3 · Assessed value

$237,900

Set at the last town-wide revaluation and mostly frozen since. That's $61,982 below what the ratio math suggests (20.7%).

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

$8,303/yr
Public schools$3,570
Morris County$823
Town of Dover$3,910
Dover average$8,409

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

Town median 48.4%
This home · 48.7%

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
54 SAMMIS AVE2025-03$364,9001,54146.1%
52 CENTRAL AVE2025-10$400,0001,60056.4%
38 E DICKERSON ST2026-05$435,0001,62547.2%
101 HARDING AVE2025-01$460,0001,56247.9%
8 LINCOLN AVE2025-01$420,0001,53842.1%
78 JAMES ST2025-12$549,9001,75049.1%
42 BAKER AVE2025-09$545,0001,61852.8%
94BAKER AVE2025-01$470,0001,60254.1%
51 KING ST2025-11$460,0001,48543.8%
97 W CLINTON ST2025-11$380,0001,59652.7%
26 HARRISON ST A&B2026-05$720,0001,67928.7%
29 DRAKE AVE2025-12$434,9951,34440.0%

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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 →