The Fair Share Report

88 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

≈ $480,460

Likely range $425,600 – $586,782, from 12 comparable Dover sales in the past 18 months, at this home's 1,520 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 $480,460 home should be assessed near $294,906.

Step 3 · Assessed value

$229,100

Set at the last town-wide revaluation and mostly frozen since. That's $65,806 below what the ratio math suggests (22.3%).

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

$7,996/yr
Public schools$3,437
Morris County$793
Town of Dover$3,765
Dover average$8,409

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

Town median 48.4%
This home · 47.7%

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
128 ORAM DR2026-01$435,0001,49249.2%
56 HILLSIDE AVE A&B2025-05$260,0001,26770.7%
28 FRED TER2025-08$415,0001,56051.0%
130 KING ST2026-03$365,00060.6%
61 W MUNSON AVE2025-10$495,0001,56650.1%
19 JORDAN TER2025-05$515,0001,22836.3%
19 JORDAN TER2025-01$474,3001,22839.4%
9 CHRISTOPHER ST2025-04$545,0001,47745.7%
104 JORDAN TER2025-11$490,0001,46448.7%
179 PEQUANNOCK ST2026-04$540,0001,46844.8%
3 MYRTLE AVE2025-06$420,0001,50042.3%
8 LINCOLN AVE2025-01$420,0001,53842.1%

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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 →