The Fair Share Report

7 E Fairview 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

≈ $548,922

Likely range $431,978 – $673,292, 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 $548,922 home should be assessed near $336,928.

Step 3 · Assessed value

$244,100

Set at the last town-wide revaluation and mostly frozen since. That's $92,828 below what the ratio math suggests (27.6%).

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

$8,519/yr
Public schools$3,663
Morris County$845
Town of Dover$4,012
Dover average$8,409

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

Town median 48.4%
This home · 44.5%

31%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
25 E MUNSON AVE2025-09$450,0001,74252.3%
11 E FAIRVIEW AVE2025-04$525,0001,62442.6%
42 FIRST ST A&B2026-05$650,0001,69234.0%
26 HARRISON ST A&B2026-05$720,0001,67928.7%
77BAKER AVE2026-02$515,0001,72051.5%
77BAKER AVE2025-12$350,0001,72075.9%
121 W CHRYSTAL ST2025-05$500,0001,65550.8%
105 PENN AVE2025-09$625,0001,61936.5%
8 N ELK AVE2026-04$482,0001,61457.5%
100 W CLINTON ST2026-05$310,0001,64265.4%
28 FRED TER2025-08$415,0001,56051.0%
43 BAKER ST2025-03$600,0001,82452.9%

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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 →