The Fair Share Report

75 Second 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

≈ $403,757

Likely range $392,866 – $456,923, 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 $403,757 home should be assessed near $247,826.

Step 3 · Assessed value

$199,400

Set at the last town-wide revaluation and mostly frozen since. That's $48,426 below what the ratio math suggests (19.5%).

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

$6,959/yr
Public schools$2,992
Morris County$690
Town of Dover$3,277
Dover average$8,409

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

Town median 48.4%
This home · 49.4%

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
94 RANDOLPH AVE2025-09$485,0001,32449.3%
60 PASSAIC ST2025-02$403,5001,39640.9%
33-35 GRANT ST2025-07$434,7001,48949.0%
29 DRAKE AVE2025-12$434,9951,34440.0%
50 RICHARDS AVE2025-09$435,0001,47042.4%
17 LEONARD ST2025-07$445,0001,52248.0%
21 RUTAN DR2025-04$436,0001,12242.0%
37 FIRST ST2025-09$450,0001,58650.6%
121 W CHRYSTAL ST2025-05$500,0001,65550.8%
97 W CLINTON ST2025-11$380,0001,59652.7%
8 N ELK AVE2026-04$482,0001,61457.5%
26 HARRISON ST A&B2026-05$720,0001,67928.7%

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 →