The Fair Share Report

78 Guy 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

≈ $599,507

Likely range $559,113 – $648,118, 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 $599,507 home should be assessed near $367,977.

Step 3 · Assessed value

$288,100

Set at the last town-wide revaluation and mostly frozen since. That's $79,877 below what the ratio math suggests (21.7%).

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

$10,055/yr
Public schools$4,323
Morris County$997
Town of Dover$4,735
Dover average$8,409

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

Town median 48.4%
This home · 48.1%

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
42 ELENA PL2025-01$590,0002,11046.0%
21 LIBERTY ST2025-07$535,0001,83652.6%
48 BYRAM AVE2025-11$520,0001,97058.4%
28 ELIZABETH ST2025-02$561,5002,10062.8%
83 WHITE ST2026-05$693,0002,04452.4%
103-105 KING ST2025-06$630,0002,23841.9%
61 W MUNSON AVE2025-10$495,0001,56650.1%
70 DAVIS AVE A&B2025-11$480,0002,02453.8%
43 BAKER ST2025-03$600,0001,82452.9%
59 LINCOLN AVE2025-09$530,0002,22846.9%
228 S MORRIS ST A&B2025-11$580,0002,05238.1%
7 JESSICA LN2026-04$630,0001,95250.6%

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 →