The Fair Share Report
2 Jay 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $804,385 – $918,046, 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 $829,375 home should be assessed near $593,252.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,552 below what the ratio math suggests (8.4%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 267 WASHINGTON VALLEY RD | 2025-08 | $691,500 | 2,488 | 75.6% |
| 20 LAUREL HILL DR | 2025-03 | $995,000 | 2,411 | 58.6% |
| 41 WILKINSON RD | 2025-07 | $880,000 | 2,410 | 60.2% |
| 14 DOBY RD | 2025-05 | $917,000 | 2,445 | 50.5% |
| 14 OLD CHIMNEY RD | 2025-08 | $999,000 | 2,422 | 56.3% |
| 20 LONGHILL RD | 2025-12 | $817,000 | 2,564 | 58.5% |
| 66 FORDS RD | 2025-12 | $804,000 | 2,408 | 54.4% |
| 39 SPRINGHILL RD | 2025-02 | $700,000 | 2,644 | 75.0% |
| 11 CHIDESTER RD | 2025-02 | $933,000 | 2,737 | 60.0% |
| 7 LAUREL HILL DR | 2025-10 | $935,000 | 2,660 | 59.1% |
| 5 JESSICA PL | 2026-06 | $950,000 | 2,741 | 55.7% |
| 11 SENECA TRL | 2025-06 | $770,000 | 2,316 | 58.8% |
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