The Fair Share Report

16 Doby 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

≈ $682,668

Likely range $595,584 – $785,939, 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 $682,668 home should be assessed near $488,312.

Step 3 · Assessed value

$424,300

Set at the last town-wide revaluation and mostly frozen since. That's $64,012 below what the ratio math suggests (13.1%).

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

$12,440/yr
Public schools$8,744
Morris County$1,312
Town of Randolph$2,385
Randolph average$14,453

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

Town median 58.6%
This home · 62.2%

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
1430 SUSSEX TPKE2026-03$780,0002,04052.0%
17 CALAIS RD2026-01$485,0001,80867.0%
40 RIDGEWOOD DR2025-04$490,0002,02875.8%
46 OAK LN2025-02$675,0002,05062.1%
24 KENSINGTON DR2025-05$615,0001,99659.9%
22 KENSINGTON DR2025-03$567,5001,97964.3%
29 PIERSONS HILL RD2026-01$810,0001,97657.0%
41 ALBERT CT2025-05$687,0002,11473.0%
56 ALBERT CT2025-11$780,0001,93059.8%
4 ALBERT CT2025-01$650,0001,93066.3%
47 BUCKINGHAM CT2025-01$575,0001,92263.5%
18 BROMPTON PL2025-08$675,0001,91467.3%

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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 →