The Fair Share Report
1 Cherry Ln
Randolph, NJ 07869
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $732,686 – $884,647, from 12 comparable Randolph sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Randolph assessments sit below market value — republished every October, applied town-wide. A $796,799 home should be assessed near $569,950.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $173,750 below what the ratio math suggests (30.5%).
Step 4 · The tax rate — same for every Randolph home
$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%
Step 5 · The bill
This home vs. every recent Randolph sale · assessed ÷ market
39%88%
Paying about right
This home's ratio lands inside Randolph's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 107 HIGH ST | 2026-03 | $1,100,000 | 2,156 | 38.4% |
| 24 MOSTYN RD | 2025-08 | $760,000 | 2,177 | 53.0% |
| 25 BUDD ST | 2026-04 | $860,000 | 2,329 | 54.7% |
| 83 RIDGE RD | 2025-04 | $700,000 | 2,066 | 54.3% |
| 17 RADTKE RD | 2025-09 | $674,000 | 2,215 | 56.2% |
| 2 RICHTER ST | 2025-04 | $600,000 | 2,010 | 66.6% |
| 6 CHERRY LN | 2025-12 | $920,000 | 2,524 | 59.6% |
| 7 HOLLY DR | 2025-11 | $935,000 | 2,196 | 57.9% |
| 24 MISTY MOUNTAIN RD | 2025-07 | $750,000 | 2,376 | 63.4% |
| 51 MISTY MOUNTAIN RD | 2025-04 | $907,000 | 2,136 | 48.7% |
| 2 CHESTNUT HILL RD | 2026-04 | $890,000 | 2,229 | 51.3% |
| 19 CHESTNUT HILL RD | 2026-02 | $779,900 | 2,274 | 52.3% |
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