The Fair Share Report
2 Iris 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 $512,540 – $691,685, 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 $631,555 home should be assessed near $451,751.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $136,551 below what the ratio math suggests (30.2%).
Step 4 · The tax rate — same for every Randolph home
$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%
Step 5 · The bill
This home vs. every recent Randolph sale · assessed ÷ market
40%88%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 STONEHILL RD | 2025-02 | $640,000 | 1,580 | 52.2% |
| 74 KNICKERBOCKER AVE | 2025-07 | $620,000 | 1,556 | 48.2% |
| 345 CENTER GROVE RD | 2025-11 | $530,000 | 1,593 | 51.1% |
| 345 CENTER GROVE RD | 2025-07 | $445,000 | 1,593 | 60.9% |
| 7 CEDAR TER | 2025-04 | $565,000 | 1,634 | 70.6% |
| 381 S MORRIS ST | 2025-05 | $500,000 | 1,592 | 59.7% |
| 13 DEEPDALE DR | 2025-05 | $805,000 | 1,682 | 54.1% |
| 35 MISTY MOUNTAIN RD | 2025-09 | $735,000 | 1,476 | 50.4% |
| 4 BERRY LN | 2025-06 | $710,000 | 1,572 | 54.0% |
| 22 CORWIN ST | 2025-07 | $655,000 | 1,822 | 50.9% |
| 170 QUAKER CHURCH RD | 2025-05 | $380,000 | 1,478 | 70.2% |
| 12 CRESTWOOD DR | 2025-09 | $725,570 | 1,648 | 52.1% |
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