The Fair Share Report

3 Champlain 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

≈ $919,787

Likely range $835,018 – $946,584, 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 $919,787 home should be assessed near $657,924.

Step 3 · Assessed value

$522,000

Set at the last town-wide revaluation and mostly frozen since. That's $135,924 below what the ratio math suggests (20.7%).

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

$15,305/yr
Public schools$10,757
Morris County$1,614
Town of Randolph$2,935
Randolph average$14,453

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

Town median 58.6%
This home · 56.8%

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
19 GEORGIAN RD2025-10$880,0002,60252.7%
7 LAUREL HILL DR2025-10$935,0002,66059.1%
48 MAC SPAR DR2025-05$965,0002,67854.0%
16 SPRINGHILL RD2025-01$870,0002,64759.3%
39 SPRINGHILL RD2025-02$700,0002,64475.0%
11 LAUREL HILL DR2025-05$1,405,0002,79243.0%
134 MUNSON ST2025-11$610,0002,70464.3%
5 LOOKOUT RD2025-05$910,0002,58858.7%
11 CHIDESTER RD2025-02$933,0002,73760.0%
12 ALCOR RD2025-09$850,0002,67955.0%
23 MEADOW BROOK RD2025-10$965,0002,79670.5%
9 ROLLING RIDGE RD2025-10$979,0002,76659.6%

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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 →