The Fair Share Report
11 Jay Dr
Randolph, NJ 08691
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 $713,598 – $995,682, 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 $830,885 home should be assessed near $594,332.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,332 below what the ratio math suggests (14.5%).
Step 4 · The tax rate — same for every Randolph home
$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%
This home's own bill implies $2.883 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Randolph sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 65 MEADOW BROOK RD | 2025-10 | $999,999 | 2,202 | 55.7% |
| 3 OVERBROOK RD | 2026-06 | $960,000 | 2,294 | 52.8% |
| 11 SENECA TRL | 2025-06 | $770,000 | 2,316 | 58.8% |
| 243 DOVER-CHESTER RD | 2025-09 | $639,000 | 2,340 | 51.7% |
| 11 HILLCREST DR | 2026-01 | $815,000 | 2,420 | 61.0% |
| 264 WASHINGTON VALLEY RD | 2025-09 | $850,000 | 2,180 | 49.8% |
| 10 BAYBERRY LN | 2026-04 | $980,000 | 2,099 | 56.7% |
| 20 LAUREL HILL DR | 2025-03 | $995,000 | 2,411 | 58.6% |
| 41 WILKINSON RD | 2025-07 | $880,000 | 2,410 | 60.2% |
| 5 ELAINE CT | 2026-03 | $885,000 | 2,392 | 52.0% |
| 5 LOOKOUT RD | 2025-05 | $910,000 | 2,588 | 58.7% |
| 16 SPRINGHILL RD | 2025-01 | $870,000 | 2,647 | 59.3% |
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