The Fair Share Report

3 Block 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

≈ $766,523

Likely range $698,698 – $913,704, 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 $766,523 home should be assessed near $548,294.

Step 3 · Assessed value

$467,500

Set at the last town-wide revaluation and mostly frozen since. That's $80,794 below what the ratio math suggests (14.7%).

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

$13,707/yr
Public schools$9,634
Morris County$1,445
Town of Randolph$2,628
Randolph average$14,453

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

Town median 58.6%
This home · 61.0%

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
3 WINDING WAY2025-04$1,075,0002,07848.7%
13 HOLLY DR2026-01$893,0002,20457.6%
15 LONGHILL RD2025-07$850,0002,02449.5%
23 DOGWOOD TRL2025-11$725,0002,10655.2%
31 RIDGE RD2025-02$705,0002,09656.6%
16 SENECA TRL2025-11$692,0002,05854.7%
10 BAYBERRY LN2026-04$980,0002,09956.7%
6 ALPINE DR2025-12$655,0002,11060.4%
11 SENECA TRL2025-06$770,0002,31658.8%
65 MEADOW BROOK RD2025-10$999,9992,20255.7%
2 HOLLY DR2025-04$827,0002,23858.9%
59 GRIST MILL RD2025-08$575,0002,09457.8%

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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 →