Dover, Morris County, New Jersey Property Taxes
Median Dover, NJ effective property tax rate: 2.90%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Dover, NJ home value: $250,750
Median annual Dover, NJ tax bill: $7,092, $4,692 higher than the national median property tax bill of $2,400.
How are property taxes in Morris calculated?
Property taxes in Dover, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Dover’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dover, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dover, Morris County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.9%
Estimate Property Tax Bill
$7,272
$6,748
Ownwell’s Dover Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dover with just two data points.
By entering your property's estimated assessed value, our calculator applies Dover’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Morris County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Dover, Morris County, New Jersey
Local government entities set property tax rates, and these rates can differ significantly within a state. This variation occurs because each county annually estimates the budget required to provide services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the essential annual process.
In Dover, located in Morris County, New Jersey, the effective property tax rate stands at 2.90%. This is notably higher than the national median property tax rate of 1.02%. Compared to other cities within New Jersey, Dover's rate is among the highest, as the state itself has a median tax rate of 2.90%. This positions Dover at the higher end of the spectrum both within the state and nationally. Understanding these differences in tax rates can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dover Tax Rate
2.90%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Morris County Tax Rate
2.63%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dover, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07801 | 2.63% | 2.69% | 2.90% | 2.90% | 2.90% |
| 07866 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Dover, Morris County, New Jersey
When examining property taxes in Dover, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Morris County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Morris County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Dover.
For example, the median home price in Dover is $250,750, with tax bills ranging significantly across the county. Zip code 07801 has the highest median home price at $250,700.
Property Tax Assessment Values Across Dover, Morris County, New Jersey
Source: Ownwell
$215,900
$831,650
$1,447,400
Median Dover Market Value
$250,750
Median Morris County Market Value
$381,800
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dover, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07801 | $168,340 | $203,600 | $250,700 | $324,350 | $381,180 |
| 07866 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Dover, Morris County, New Jersey
In Dover, NJ, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which can fluctuate based on local real estate trends. Homeowners in Dover face property tax bills that can range significantly, with the 25th percentile at $5,732 and the 90th percentile reaching $10,358. The median tax bill in the area is notably higher than the national median of $2,400, reflecting the region's higher property values and tax rate.
These taxes fund essential services like schools, roads, and emergency services, impacting homeowners by influencing their overall housing costs. With these substantial tax bills, homeowners may find themselves financially strained. This is where Ownwell's expertise comes into play. By leveraging their knowledge of local tax codes and assessment practices, Ownwell can assist homeowners in appealing their property tax assessments, potentially lowering their tax obligations and ensuring they are not overpaying.
Median Dover Tax Bill
$7,092
Median Morris County Tax Bill
$9,778
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Dover, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07801 | $4,745 | $5,732 | $7,092 | $8,909 | $10,359 |
| 07866 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell