The Fair Share Report
7 River 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $309,235 – $505,621, from 12 comparable Dover sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Dover assessments sit below market value — republished every October, applied town-wide. A $386,391 home should be assessed near $237,167.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $94,167 below what the ratio math suggests (39.7%).
Step 4 · The tax rate — same for every Dover home
$1.500 Schools · 43% $0.346 County · 10% $1.643 Town · 47%
Step 5 · The bill
This home vs. every recent Dover sale · assessed ÷ market
23%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 126 PRINCETON AVE | 2026-05 | $446,000 | 1,257 | 47.5% |
| 33 W CLINTON ST A&B | 2024-12 | $685,000 | 1,160 | 31.1% |
| 110 MT HOPE AVE | 2025-07 | $385,000 | 910 | 46.7% |
| 29 DRAKE AVE | 2025-12 | $434,995 | 1,344 | 40.0% |
| 21 RUTAN DR | 2025-04 | $436,000 | 1,122 | 42.0% |
| 46 BERRY ST | 2025-10 | $440,000 | 1,328 | 43.5% |
| ELLIOTT ST | 2025-03 | $490,000 | — | 11.0% |
| 60 PASSAIC ST | 2025-02 | $403,500 | 1,396 | 40.9% |
| 3 MYRTLE AVE | 2025-06 | $420,000 | 1,500 | 42.3% |
| 50 RICHARDS AVE | 2025-09 | $435,000 | 1,470 | 42.4% |
| 55 LINCOLN AVE | 2025-05 | $480,000 | 1,565 | 50.0% |
| 121 W MUNSON AVE | 2026-03 | $365,000 | 800 | 42.1% |
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