The Fair Share Report
17 Jay 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.
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Step 1 · Market value
Likely range $656,110 – $908,280, from 12 comparable Randolph sales in the past 18 months, at this home's 2,612 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 $852,920 home should be assessed near $610,094.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $94,194 below what the ratio math suggests (15.4%).
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 |
|---|---|---|---|---|
| 14 CARRELL RD | 2026-02 | $785,000 | 2,404 | 63.4% |
| 51 LONGVIEW AVE | 2025-04 | $1,150,000 | 2,908 | 52.5% |
| 17 RICHTER ST | 2025-02 | $525,000 | 2,706 | 86.8% |
| 3 OPENAKI RD | 2025-06 | $915,000 | 2,746 | 53.1% |
| 14 DOBY RD | 2025-05 | $917,000 | 2,445 | 50.5% |
| 90 OLD BROOKSIDE RD | 2025-11 | $765,000 | 2,744 | 59.4% |
| 66 FORDS RD | 2025-12 | $804,000 | 2,408 | 54.4% |
| 15 ALDEBARAN DR | 2025-05 | $970,000 | 2,770 | 58.1% |
| 6 COLONIAL CT | 2025-09 | $982,000 | 2,824 | 54.9% |
| 20 LONGHILL RD | 2025-12 | $817,000 | 2,564 | 58.5% |
| 82 MOUNTAINSIDE DR | 2025-11 | $633,000 | 2,520 | 63.4% |
| 20 EDINBURGH DR | 2025-06 | $1,050,000 | 3,092 | 62.2% |
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