The Fair Share Report

14 Brookside Rd

Randolph, NJ 07442

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

≈ $553,344

Likely range $503,342 – $589,829, 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 $553,344 home should be assessed near $395,807.

Step 3 · Assessed value

$461,200

Set at the last town-wide revaluation and mostly frozen since. That's $65,393 above what the ratio math suggests (16.5%).

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%

This home's own bill implies $1.978 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$9,124/yr
Public schools$6,413
Morris County$962
Town of Randolph$1,750
Randolph average$14,453

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

Town median 58.6%
This home · 83.3%

45%97%

A touch high — worth watching

This home's ratio sits above most of Randolph, but doesn't clear NJ's legal appeal line (82.26%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
94 ALBERT CT2026-06$588,0001,52068.2%
90 ALBERT CT2025-10$615,0001,52065.7%
1001 WENDOVER CT2026-01$520,0001,48462.3%
5 ALBERT CT2026-02$780,00077.5%
708 WENDOVER CT2025-09$540,5001,63261.0%
9 MAHOGANY WAY2026-05$610,0001,55449.1%
18 BROMPTON PL2025-08$675,0001,91467.3%
2 ALBERT CT2025-05$680,0001,91470.0%
20 BROMPTON PL2025-02$730,0001,91463.7%
4 ALBERT CT2025-01$650,0001,93066.3%
66 ALBERT CT2025-06$700,0001,91464.5%
145 ARROWGATE DR2025-12$540,0001,66866.4%

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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 →