The Fair Share Report

22 Eagle 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

≈ $986,981

Likely range $879,952 – $1,059,756, 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 $986,981 home should be assessed near $705,988.

Step 3 · Assessed value

$561,500

Set at the last town-wide revaluation and mostly frozen since. That's $144,488 below what the ratio math suggests (20.5%).

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

$16,463/yr
Public schools$11,571
Morris County$1,736
Town of Randolph$3,157
Randolph average$14,453

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

Town median 58.6%
This home · 56.9%

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
14 HERITAGE CT2025-09$985,0002,91560.5%
11 CHIDESTER RD2025-02$933,0002,73760.0%
24 VALLEY DR2025-04$897,7003,11459.5%
43 WILKESHIRE BLVD2026-04$1,100,0002,92754.1%
11 LAUREL HILL DR2025-05$1,405,0002,79243.0%
342 CENTER GROVE RD2025-07$999,9992,84246.4%
32 HEATHER LN2025-07$1,120,0003,07162.5%
11 SPARROW RD2025-05$975,0003,24459.8%
5 JESSICA PL2026-06$950,0002,74155.7%
48 MAC SPAR DR2025-05$965,0002,67854.0%
44 HERITAGE CT2025-07$960,0003,11263.7%
8 EAGLE CT2025-06$950,0003,06457.4%

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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 →