The Fair Share Report

22 Corwin St

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

≈ $660,829

Likely range $606,190 – $728,236, from 12 comparable Randolph sales in the past 18 months, at this home's 1,822 sq ft.

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 $660,829 home should be assessed near $472,691.

Step 3 · Assessed value

$333,600

Set at the last town-wide revaluation and mostly frozen since. That's $139,091 below what the ratio math suggests (29.4%).

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

$9,781/yr
Public schools$6,875
Morris County$1,031
Town of Randolph$1,875
Randolph average$14,453

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

Town median 58.6%
This home · 50.5%

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
32 SANFORD DR2025-09$650,0001,92253.9%
32 HIGHVIEW TER2025-10$700,0001,93047.8%
13 CLOVER LN2025-10$775,0001,93950.9%
12 SORMAN TER2026-04$525,0001,79243.5%
1 STONEHILL RD2025-02$640,0001,58052.2%
13 DEEPDALE DR2025-05$805,0001,68254.1%
11 MAC SPAR DR2025-09$729,0001,83852.9%
345 CENTER GROVE RD2025-11$530,0001,59351.1%
345 CENTER GROVE RD2025-07$445,0001,59360.9%
7 CEDAR TER2025-04$565,0001,63470.6%
74 KNICKERBOCKER AVE2025-07$620,0001,55648.2%
5 FOXWOOD LN2026-05$833,0002,04748.1%

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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 →