The Fair Share Report

16 Devonshire Dr

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

≈ $1,845,474

Likely range $1,568,270 – $2,303,330, 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 $1,845,474 home should be assessed near $1,320,068.

Step 3 · Assessed value

$1,208,000

Set at the last town-wide revaluation and mostly frozen since. That's $112,068 below what the ratio math suggests (8.5%).

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%

Step 5 · The bill

$35,419/yr
Public schools$24,893
Morris County$3,734
Town of Randolph$6,791
Randolph average$14,453

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

Town median 58.6%
This home · 65.5%

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
15 CANTERBURY CT2025-01$1,265,0007,044102.3%
10 KINGSBROOK CT2025-04$1,375,0004,89575.0%
14 SHADOWBROOK WAY2026-06$1,685,0004,47051.8%
6 OLDE YORK RD2025-12$1,500,0005,25860.2%
49 CARRELL RD2025-07$1,150,0004,78063.8%
53 BARBARA DR2025-09$1,450,0003,78054.8%
7 TAMARI CT2025-09$1,242,5005,01572.1%
5 YORKSHIRE DR2025-10$1,250,0005,07481.8%
165 DOVER-CHESTER RD2025-05$1,230,0004,28868.2%
41 ARNOLD DR2025-04$1,430,0004,11862.0%
25 QUAIL RUN2025-07$1,500,0004,05165.0%
5 ALBERT CT2026-02$780,00077.5%

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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 →