The Fair Share Report

18 Maple 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.

Step 1 · Market value

≈ $600,615

Likely range $565,079 – $701,483, 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 $600,615 home should be assessed near $429,620.

Step 3 · Assessed value

$319,300

Set at the last town-wide revaluation and mostly frozen since. That's $110,320 below what the ratio math suggests (25.7%).

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

$9,362/yr
Public schools$6,580
Morris County$987
Town of Randolph$1,795
Randolph average$14,453

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

Town median 58.6%
This home · 53.2%

40%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
12 CRESTWOOD DR2025-09$725,5701,64852.1%
7 CEDAR TER2025-04$565,0001,63470.6%
11 MAC SPAR DR2025-09$729,0001,83852.9%
265 MILLBROOK AVE2025-06$515,4001,57253.9%
35 CLEAR VIEW DR2025-08$651,0001,81759.5%
22 CORWIN ST2025-07$655,0001,82250.9%
136 PARK AVE2025-09$587,0001,70256.2%
156 MILLBROOK AVE2025-03$550,0001,57457.0%
1 DOGWOOD TRL2025-12$660,0001,92854.0%
46 W HANOVER AVE2026-04$630,0001,90254.2%
46 W HANOVER AVE2026-01$487,5001,90270.0%
2 RICHTER ST2025-04$600,0002,01066.6%

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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 →