The Fair Share Report
17 Memory Ln
Randolph, NJ 07869
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Randolph's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $1,005,327 – $1,299,843, from 12 comparable Randolph sales in the past 18 months (home size estimated from assessor data — range widened).
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 $1,134,165 home should be assessed near $811,268.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,468 below what the ratio math suggests (10.8%).
Step 4 · The tax rate — same for every Randolph home
$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%
This home's own bill implies $2.897 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Randolph sale · assessed ÷ market
45%88%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 TIMBER LN | 2025-10 | $999,999 | 3,560 | 65.7% |
| 11 SPARROW RD | 2025-05 | $975,000 | 3,244 | 59.8% |
| 7 OLD WOOD LN SOUTH | 2025-05 | $1,300,000 | 3,690 | 53.0% |
| 29 LEIGH CT | 2025-01 | $999,000 | 3,541 | 61.2% |
| 17 RIPPLEWOOD DR | 2026-03 | $1,275,000 | 3,821 | 63.0% |
| 20 BRAGMAN RD | 2025-07 | $1,100,000 | 3,704 | 64.5% |
| 4 WATERVIEW LN | 2026-01 | $1,180,000 | 3,660 | 62.9% |
| 5 MARINER DR | 2025-08 | $908,000 | 3,342 | 66.4% |
| 17 KNOLLWOOD TER | 2026-01 | $1,300,000 | 3,695 | 52.1% |
| 7 SHAKER MILL RD | 2025-08 | $1,300,000 | 3,462 | 58.6% |
| 42 QUAIL RUN | 2026-01 | $1,300,000 | 3,695 | 59.2% |
| 32 BARBARA DR | 2025-06 | $1,400,000 | 3,506 | 53.6% |
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