The Fair Share Report
15 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 $926,656 – $1,122,108, 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 $1,070,493 home should be assessed near $765,724.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $122,624 below what the ratio math suggests (16.0%).
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 |
|---|---|---|---|---|
| 41 MUSIKER AVE | 2025-10 | $980,000 | 3,092 | 65.8% |
| 24 CHELSEA DR | 2025-06 | $1,135,000 | 3,174 | 59.4% |
| 7 WINCHESTER TER | 2025-08 | $1,100,000 | 3,206 | 59.9% |
| 32 CASTLE CT | 2025-10 | $940,000 | 3,105 | 66.7% |
| 6 THEODORE DR | 2025-09 | $925,000 | 3,232 | 68.9% |
| 29 CASTLE CT | 2026-06 | $999,000 | 3,088 | 61.3% |
| 20 LEIGH CT | 2026-02 | $965,000 | 3,398 | 61.3% |
| 32 HEATHER LN | 2025-07 | $1,120,000 | 3,071 | 62.5% |
| 6 COLONIAL CT | 2025-09 | $982,000 | 2,824 | 54.9% |
| 5 HERITAGE CT | 2026-05 | $1,230,000 | 3,152 | 51.5% |
| 15 ALDEBARAN DR | 2025-05 | $970,000 | 2,770 | 58.1% |
| 342 CENTER GROVE RD | 2025-07 | $999,999 | 2,842 | 46.4% |
Is this your house?
Run your own report →