The Fair Share Report
16 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.
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Step 1 · Market value
Likely range $1,165,453 – $1,378,442, from 12 comparable Randolph sales in the past 18 months, at this home's 4,131 sq ft.
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 $1,234,166 home should be assessed near $882,799.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $177,699 below what the ratio math suggests (20.1%).
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 |
|---|---|---|---|---|
| 15 SHAKER MILL RD | 2025-09 | $1,350,000 | 4,208 | 59.0% |
| 12 OLDE YORK RD | 2025-06 | $1,320,000 | 4,073 | 57.0% |
| 6 NATHAN DR | 2025-03 | $1,250,000 | 4,184 | 56.6% |
| 22 BURNETT BROOK DR | 2025-04 | $999,999 | 3,881 | 65.9% |
| 15 ARNOLD DR | 2025-05 | $1,326,000 | 4,049 | 60.6% |
| 21 QUAIL RUN | 2025-07 | $1,405,000 | 4,153 | 67.6% |
| 7 OLD WOOD LN SOUTH | 2025-05 | $1,300,000 | 3,690 | 53.0% |
| 20 BRAGMAN RD | 2025-07 | $1,100,000 | 3,704 | 64.5% |
| 12 QUAIL RUN | 2026-05 | $1,660,000 | 4,187 | 51.2% |
| 23 BRAGMAN RD | 2025-06 | $1,310,000 | 4,501 | 57.6% |
| 63 LONGVIEW AVE | 2025-04 | $861,000 | 3,778 | 67.5% |
| 17 RIPPLEWOOD DR | 2026-03 | $1,275,000 | 3,821 | 63.0% |
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