The Fair Share Report

84 E Munson 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

≈ $598,070

Likely range $493,777 – $672,289, 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 $598,070 home should be assessed near $367,095.

Step 3 · Assessed value

$340,100

Set at the last town-wide revaluation and mostly frozen since. That's $26,995 below what the ratio math suggests (7.4%).

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%

This home's own bill implies $3.416 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$11,619/yr
Public schools$4,995
Morris County$1,152
Town of Dover$5,472
Dover average$8,409

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

Town median 48.4%
This home · 56.9%

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
48 S SALEM ST2025-10$525,0002,73661.7%
1 ROCKRIDGE TER2026-01$610,0002,79769.0%
2 HILLCREST AVE2025-02$515,0002,25955.2%
11 LINWOOD AVE2025-10$550,0002,41869.5%
185 ANN ST2025-07$585,0002,02348.7%
71 RESERVOIR AVE2025-10$637,0002,09345.4%
11 E MC FARLAN ST A&B2025-10$420,0002,27262.0%
301 E MC FARLAN ST A&B2026-05$706,2403,37246.2%
19 GREENWOOD AVE2025-09$570,0002,01546.3%
130 KING ST2026-03$365,00060.6%
365 W CLINTON ST2025-01$500,0002,22851.5%
58 CONRAD PL2026-02$455,00044.3%

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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 →