The Fair Share Report

11 Guy St

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

≈ $779,286

Likely range $723,740 – $841,424, 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 $779,286 home should be assessed near $557,423.

Step 3 · Assessed value

$435,800

Set at the last town-wide revaluation and mostly frozen since. That's $121,623 below what the ratio math suggests (21.8%).

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

$12,778/yr
Public schools$8,981
Morris County$1,347
Town of Randolph$2,450
Randolph average$14,453

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

Town median 58.6%
This home · 55.9%

45%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
5 ELAINE CT2026-03$885,0002,39252.0%
243 DOVER-CHESTER RD2025-09$639,0002,34051.7%
29 DOGWOOD TRL2025-07$710,0002,30466.7%
24 MISTY MOUNTAIN RD2025-07$750,0002,37663.4%
65 MEADOW BROOK RD2025-10$999,9992,20255.7%
3 OVERBROOK RD2026-06$960,0002,29452.8%
11 HILLCREST DR2026-01$815,0002,42061.0%
11 SENECA TRL2025-06$770,0002,31658.8%
19 CHESTNUT HILL RD2026-02$779,9002,27452.3%
5 LOOKOUT RD2025-05$910,0002,58858.7%
16 SPRINGHILL RD2025-01$870,0002,64759.3%
6 ALPINE DR2025-12$655,0002,11060.4%

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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 →