The Fair Share Report

10 Maple Dr

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.

Step 1 · Market value

≈ $709,692

Likely range $613,652 – $924,693, from 12 comparable Randolph sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

71.53%

The state's official measure of how far Randolph assessments sit below market value — republished every October, applied town-wide. A $709,692 home should be assessed near $507,643.

Step 3 · Assessed value

$409,400

Set at the last town-wide revaluation and mostly frozen since. That's $98,243 below what the ratio math suggests (19.4%).

Step 4 · The tax rate — same for every Randolph home

$2.931 per $100 assessed

$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%

Step 5 · The bill

$12,004/yr
Public schools$8,437
Morris County$1,265
Town of Randolph$2,302
Randolph average$14,453

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

Town median 58.6%
This home · 57.7%

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)

AddressSoldPriceSq ftRatio
264 WASHINGTON VALLEY RD2025-09$850,0002,18049.8%
65 MEADOW BROOK RD2025-10$999,9992,20255.7%
3 OVERBROOK RD2026-06$960,0002,29452.8%
243 DOVER-CHESTER RD2025-09$639,0002,34051.7%
29 DOGWOOD TRL2025-07$710,0002,30466.7%
335 S MORRIS ST2025-11$750,0002,24051.3%
11 SENECA TRL2025-06$770,0002,31658.8%
10 BAYBERRY LN2026-04$980,0002,09956.7%
5 ELAINE CT2026-03$885,0002,39252.0%
3 WOODMONT DR2026-03$555,0002,26467.6%
36 RIDGEWOOD DR2025-12$510,0002,26470.3%
35 WOODMONT DR2025-11$615,0002,26463.9%

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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 →