The Fair Share Report

3 Daniel 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

≈ $956,932

Likely range $922,133 – $973,566, 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 $956,932 home should be assessed near $684,493.

Step 3 · Assessed value

$583,700

Set at the last town-wide revaluation and mostly frozen since. That's $100,793 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

$17,114/yr
Public schools$12,028
Morris County$1,804
Town of Randolph$3,282
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
342 CENTER GROVE RD2025-07$999,9992,84246.4%
15 ALDEBARAN DR2025-05$970,0002,77058.1%
6 COLONIAL CT2025-09$982,0002,82454.9%
5 JESSICA PL2026-06$950,0002,74155.7%
11 CHIDESTER RD2025-02$933,0002,73760.0%
3 OPENAKI RD2025-06$915,0002,74653.1%
31 EDINBURGH DR2026-02$975,0002,74460.0%
43 WILKESHIRE BLVD2026-04$1,100,0002,92754.1%
17 RICHTER ST2025-02$525,0002,70686.8%
32 HEATHER LN2025-07$1,120,0003,07162.5%
123 MOUNTAINSIDE DR2025-10$932,5002,77949.0%
6 CHELSEA DR2025-05$999,9992,91955.1%

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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 →