The Fair Share Report
3 Iris Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $531,359 – $664,841, from 12 comparable Randolph sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Randolph assessments sit below market value — republished every October, applied town-wide. A $629,660 home should be assessed near $450,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,396 below what the ratio math suggests (21.2%).
Step 4 · The tax rate — same for every Randolph home
$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%
Step 5 · The bill
This home vs. every recent Randolph sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 11 MAC SPAR DR | 2025-09 | $729,000 | 1,838 | 52.9% |
| 12 SORMAN TER | 2026-04 | $525,000 | 1,792 | 43.5% |
| 46 W HANOVER AVE | 2026-04 | $630,000 | 1,902 | 54.2% |
| 46 W HANOVER AVE | 2026-01 | $487,500 | 1,902 | 70.0% |
| 22 CORWIN ST | 2025-07 | $655,000 | 1,822 | 50.9% |
| 35 CLEAR VIEW DR | 2025-08 | $651,000 | 1,817 | 59.5% |
| 13 CLOVER LN | 2025-10 | $775,000 | 1,939 | 50.9% |
| 7 CEDAR TER | 2025-04 | $565,000 | 1,634 | 70.6% |
| 32 SANFORD DR | 2025-09 | $650,000 | 1,922 | 53.9% |
| 156 MILLBROOK AVE | 2025-03 | $550,000 | 1,574 | 57.0% |
| 32 HIGHVIEW TER | 2025-10 | $700,000 | 1,930 | 47.8% |
| 12 CRESTWOOD DR | 2025-09 | $725,570 | 1,648 | 52.1% |
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