The Fair Share Report

2 Daniel 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

≈ $1,029,715

Likely range $951,413 – $1,067,051, 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 $1,029,715 home should be assessed near $736,555.

Step 3 · Assessed value

$616,100

Set at the last town-wide revaluation and mostly frozen since. That's $120,455 below what the ratio math suggests (16.4%).

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

$18,064/yr
Public schools$12,696
Morris County$1,904
Town of Randolph$3,464
Randolph average$14,453

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

Town median 58.6%
This home · 59.8%

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
342 CENTER GROVE RD2025-07$999,9992,84246.4%
43 WILKESHIRE BLVD2026-04$1,100,0002,92754.1%
6 COLONIAL CT2025-09$982,0002,82454.9%
32 HEATHER LN2025-07$1,120,0003,07162.5%
41 MUSIKER AVE2025-10$980,0003,09265.8%
6 THEODORE DR2025-09$925,0003,23268.9%
15 ALDEBARAN DR2025-05$970,0002,77058.1%
5 HERITAGE CT2026-05$1,230,0003,15251.5%
5 JESSICA PL2026-06$950,0002,74155.7%
6 CHELSEA DR2025-05$999,9992,91955.1%
29 CASTLE CT2026-06$999,0003,08861.3%
11 CHIDESTER RD2025-02$933,0002,73760.0%

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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 →