The Fair Share Report

17 S 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

≈ $1,129,164

Likely range $1,024,359 – $1,210,326, 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 $1,129,164 home should be assessed near $807,691.

Step 3 · Assessed value

$588,700

Set at the last town-wide revaluation and mostly frozen since. That's $218,991 below what the ratio math suggests (27.1%).

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

$17,261/yr
Public schools$12,131
Morris County$1,820
Town of Randolph$3,310
Randolph average$14,453

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

Town median 58.6%
This home · 52.1%

43%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
9 BLUE BIRD CT2025-09$1,050,0003,33158.4%
29 CASTLE CT2026-06$999,0003,08861.3%
32 CASTLE CT2025-10$940,0003,10566.7%
16 OLDE YORK RD2025-08$1,225,0003,41957.6%
5 HERITAGE CT2026-05$1,230,0003,15251.5%
7 WINCHESTER TER2025-08$1,100,0003,20659.9%
7 SHAKER MILL RD2025-08$1,300,0003,46258.6%
32 HEATHER LN2025-07$1,120,0003,07162.5%
20 LEIGH CT2026-02$965,0003,39861.3%
6 THEODORE DR2025-09$925,0003,23268.9%
6 CHELSEA DR2025-05$999,9992,91955.1%
24 CHELSEA DR2025-06$1,135,0003,17459.4%

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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 →