The Fair Share Report

8 Davis 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

≈ $543,497

Likely range $440,704 – $652,885, from 12 comparable Dover sales in the past 18 months, at this home's 2,384 sq ft.

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 $543,497 home should be assessed near $333,598.

Step 3 · Assessed value

$292,800

Set at the last town-wide revaluation and mostly frozen since. That's $40,798 below what the ratio math suggests (12.2%).

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

$10,219/yr
Public schools$4,393
Morris County$1,013
Town of Dover$4,812
Dover average$8,409

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

Town median 48.4%
This home · 53.9%

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
58 CONRAD PL2026-02$455,00044.3%
11 E MC FARLAN ST A&B2025-10$420,0002,27262.0%
48 S SALEM ST2025-10$525,0002,73661.7%
49 KEARNEY ST2026-02$500,00042.7%
130 KING ST2026-03$365,00060.6%
365 W CLINTON ST2025-01$500,0002,22851.5%
2 HILLCREST AVE2025-02$515,0002,25955.2%
101 PRINCETON AVE A&B2025-02$585,0002,36350.7%
23 SANFORD ST2025-05$505,0001,84447.8%
36 PROSPECT ST2026-02$440,0002,44749.6%
28 FRED TER2025-08$415,0001,56051.0%
71 RESERVOIR AVE2025-10$637,0002,09345.4%

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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 →