The Fair Share Report

121 S Rd

Randolph, NJ 07945

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

≈ $869,576

Likely range $659,360 – $894,185, 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 $869,576 home should be assessed near $622,008.

Step 3 · Assessed value

$508,500

Set at the last town-wide revaluation and mostly frozen since. That's $113,508 below what the ratio math suggests (18.2%).

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

$14,909/yr
Public schools$10,479
Morris County$1,572
Town of Randolph$2,859
Randolph average$14,453

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

Town median 58.6%
This home · 58.5%

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
19 LAWRENCE RD2025-12$640,0002,42467.0%
75 CALAIS RD2026-01$840,0002,61051.1%
82 MOUNTAINSIDE DR2025-11$633,0002,52063.4%
17 JAY DR2025-02$733,0002,61270.4%
90 OLD BROOKSIDE RD2025-11$765,0002,74459.4%
10 FARVIEW AVE2026-06$801,0002,45953.8%
123 MOUNTAINSIDE DR2025-10$932,5002,77949.0%
17 RICHTER ST2025-02$525,0002,70686.8%
14 CARRELL RD2026-02$785,0002,40463.4%
20 HARMONY RD2025-07$650,0002,63859.8%
51 LONGVIEW AVE2025-04$1,150,0002,90852.5%
6 QUARRY CT2025-12$710,0002,96678.5%

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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 →