The Fair Share Report

77 Maple 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

≈ $576,830

Likely range $520,474 – $666,678, 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 $576,830 home should be assessed near $354,058.

Step 3 · Assessed value

$308,500

Set at the last town-wide revaluation and mostly frozen since. That's $45,558 below what the ratio math suggests (12.9%).

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

$10,767/yr
Public schools$4,629
Morris County$1,068
Town of Dover$5,070
Dover average$8,409

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

Town median 48.4%
This home · 53.5%

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
28 ELIZABETH ST2025-02$561,5002,10062.8%
7 JESSICA LN2026-04$630,0001,95250.6%
11 LINWOOD AVE2025-10$550,0002,41869.5%
43 BAKER ST2025-03$600,0001,82452.9%
11 E MC FARLAN ST A&B2025-10$420,0002,27262.0%
48 BYRAM AVE2025-11$520,0001,97058.4%
83 WHITE ST2026-05$693,0002,04452.4%
365 W CLINTON ST2025-01$500,0002,22851.5%
42 ELENA PL2025-01$590,0002,11046.0%
170 PARK HEIGHTS AVE2026-04$500,0001,91250.0%
36 PROSPECT ST2026-02$440,0002,44749.6%
94 S MORRIS ST A&B2026-02$500,0002,06248.4%

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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 →