The Fair Share Report

15 Eagle Ct

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.

Step 1 · Market value

≈ $975,424

Likely range $887,640 – $1,018,776, 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 $975,424 home should be assessed near $697,721.

Step 3 · Assessed value

$598,100

Set at the last town-wide revaluation and mostly frozen since. That's $99,621 below what the ratio math suggests (14.3%).

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

$17,536/yr
Public schools$12,325
Morris County$1,849
Town of Randolph$3,362
Randolph average$14,453

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

Town median 58.6%
This home · 61.3%

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
24 VALLEY RD2025-06$1,045,0003,32056.9%
8 EAGLE CT2025-06$950,0003,06457.4%
44 HERITAGE CT2025-07$960,0003,11263.7%
6 TULIP LN2025-09$850,0002,97669.0%
24 PARKVIEW RD2025-08$875,0002,65961.1%
34 FORDS RD2025-07$1,350,0003,16940.6%
8 CHESTNUT HILL RD2025-01$999,9993,13456.9%
14 HERITAGE CT2025-09$985,0002,91560.5%
9 GOLDEN CORNER WAY2025-06$1,020,0003,27054.5%
5 MERRIMAC RD2026-01$895,0003,25366.5%
24 VALLEY DR2025-04$897,7003,11459.5%
21 WILKINSON RD2025-02$838,0003,11062.9%

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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 →