The Fair Share Report

18 Ryan Ct

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

≈ $862,769

Likely range $691,805 – $916,473, 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 $862,769 home should be assessed near $617,139.

Step 3 · Assessed value

$539,100

Set at the last town-wide revaluation and mostly frozen since. That's $78,039 below what the ratio math suggests (12.6%).

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

$15,806/yr
Public schools$11,109
Morris County$1,666
Town of Randolph$3,031
Randolph average$14,453

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

Town median 58.6%
This home · 62.5%

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)

AddressSoldPriceSq ftRatio
19 GEORGIAN RD2025-10$880,0002,60252.7%
48 MAC SPAR DR2025-05$965,0002,67854.0%
7 LAUREL HILL DR2025-10$935,0002,66059.1%
39 SPRINGHILL RD2025-02$700,0002,64475.0%
11 LAUREL HILL DR2025-05$1,405,0002,79243.0%
11 CHIDESTER RD2025-02$933,0002,73760.0%
16 SPRINGHILL RD2025-01$870,0002,64759.3%
267 WASHINGTON VALLEY RD2025-08$691,5002,48875.6%
24 VALLEY DR2025-04$897,7003,11459.5%
14 HERITAGE CT2025-09$985,0002,91560.5%
5 JESSICA PL2026-06$950,0002,74155.7%
3 WOODMONT DR2026-03$555,0002,26467.6%

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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 →