The Fair Share Report

81 Brook Dr

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

≈ $609,320

Likely range $441,438 – $655,171, 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 $609,320 home should be assessed near $374,001.

Step 3 · Assessed value

$293,500

Set at the last town-wide revaluation and mostly frozen since. That's $80,501 below what the ratio math suggests (21.5%).

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

$10,243/yr
Public schools$4,404
Morris County$1,016
Town of Dover$4,824
Dover average$8,409

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

Town median 48.4%
This home · 48.2%

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
185 ANN ST2025-07$585,0002,02348.7%
71 RESERVOIR AVE2025-10$637,0002,09345.4%
19 GREENWOOD AVE2025-09$570,0002,01546.3%
244 RICHARDS AVE A&B &REA2026-06$431,2502,11249.6%
2 HILLCREST AVE2025-02$515,0002,25955.2%
48 S SALEM ST2025-10$525,0002,73661.7%
1 ROCKRIDGE TER2026-01$610,0002,79769.0%
170 PARK HEIGHTS AVE2026-04$500,0001,91250.0%
11 LINWOOD AVE2025-10$550,0002,41869.5%
46 EDGEWOOD TER2026-03$450,00059.6%
14 JESSICA LN2026-04$620,0002,15052.4%
235 PROSPECT ST A&B2025-06$620,0001,77043.3%

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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 →