The Fair Share Report
12 Memory 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 $847,799 – $1,072,765, 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 $972,944 home should be assessed near $695,947.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,247 below what the ratio math suggests (9.8%).
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
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 |
|---|---|---|---|---|
| 44 HERITAGE CT | 2025-07 | $960,000 | 3,112 | 63.7% |
| 34 FORDS RD | 2025-07 | $1,350,000 | 3,169 | 40.6% |
| 8 EAGLE CT | 2025-06 | $950,000 | 3,064 | 57.4% |
| 9 GOLDEN CORNER WAY | 2025-06 | $1,020,000 | 3,270 | 54.5% |
| 5 MERRIMAC RD | 2026-01 | $895,000 | 3,253 | 66.5% |
| 24 VALLEY DR | 2025-04 | $897,700 | 3,114 | 59.5% |
| 21 WILKINSON RD | 2025-02 | $838,000 | 3,110 | 62.9% |
| 5 MARINER DR | 2025-08 | $908,000 | 3,342 | 66.4% |
| 14 HERITAGE CT | 2025-09 | $985,000 | 2,915 | 60.5% |
| 32 BARBARA DR | 2025-06 | $1,400,000 | 3,506 | 53.6% |
| 11 SPARROW RD | 2025-05 | $975,000 | 3,244 | 59.8% |
| 226 MORRIS TPKE | 2026-04 | $999,999 | 3,075 | 56.0% |
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