The Fair Share Report

17 E Logan Rd

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

≈ $727,808

Likely range $617,010 – $871,188, 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 $727,808 home should be assessed near $520,601.

Step 3 · Assessed value

$372,600

Set at the last town-wide revaluation and mostly frozen since. That's $148,001 below what the ratio math suggests (28.4%).

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

$10,925/yr
Public schools$7,678
Morris County$1,152
Town of Randolph$2,095
Randolph average$14,453

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

Town median 58.6%
This home · 51.2%

37%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
31 CENTER RD2025-01$670,0001,93654.8%
10 BAYBERRY LN2026-04$980,0002,09956.7%
6 ALPINE DR2025-12$655,0002,11060.4%
51 MISTY MOUNTAIN RD2025-04$907,0002,13648.7%
19 CHESTNUT HILL RD2026-02$779,9002,27452.3%
15 LONGHILL RD2025-07$850,0002,02449.5%
40 RIDGEWOOD DR2025-04$490,0002,02875.8%
27 CLOVER LN2025-07$745,0002,08051.6%
2 RICHTER ST2025-04$600,0002,01066.6%
5 ALPINE DR2025-12$790,0001,94753.6%
12 FOXWOOD LN2025-06$775,0002,02452.9%
65 MEADOW BROOK RD2025-10$999,9992,20255.7%

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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 →