The Fair Share Report

136 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

≈ $727,158

Likely range $671,316 – $846,031, 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 $727,158 home should be assessed near $520,136.

Step 3 · Assessed value

$374,500

Set at the last town-wide revaluation and mostly frozen since. That's $145,636 below what the ratio math suggests (28.0%).

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

$10,980/yr
Public schools$7,717
Morris County$1,158
Town of Randolph$2,105
Randolph average$14,453

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

Town median 58.6%
This home · 51.5%

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
31 RIDGE RD2025-02$705,0002,09656.6%
3 WINDING WAY2025-04$1,075,0002,07848.7%
15 LONGHILL RD2025-07$850,0002,02449.5%
1 PAMELA DR2025-12$665,0001,95654.0%
7 PAMELA DR2026-06$750,0001,95650.8%
2 HOLLY DR2025-04$827,0002,23858.9%
1 DOGWOOD TRL2025-12$660,0001,92854.0%
7 HOLLY DR2025-11$935,0002,19657.9%
23 DOGWOOD TRL2025-11$725,0002,10655.2%
15 OLD CHIMNEY RD2025-06$815,0002,23657.5%
2 RICHTER ST2025-04$600,0002,01066.6%
13 HOLLY DR2026-01$893,0002,20457.6%

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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 →