The Fair Share Report

3 S Rd

Randolph, NJ 07945

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

≈ $553,184

Likely range $517,575 – $695,933, from 12 comparable Randolph sales in the past 18 months, at this home's 1,430 sq ft.

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 $553,184 home should be assessed near $395,693.

Step 3 · Assessed value

$350,700

Set at the last town-wide revaluation and mostly frozen since. That's $44,993 below what the ratio math suggests (11.4%).

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

$10,283/yr
Public schools$7,227
Morris County$1,084
Town of Randolph$1,972
Randolph average$14,453

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

Town median 58.6%
This home · 63.4%

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
25 CENTER GROVE RD2025-11$550,0001,45653.4%
51 SCHOOL HOUSE RD2025-04$725,0001,77157.0%
93 EVERDALE RD2025-06$690,0001,33649.8%
33 SHONGUM RD2026-03$485,0001,34070.6%
108 DOVER-CHESTER RD2025-11$730,0001,50040.9%
107 SHADY LN2025-07$822,0001,52653.4%
38 PLEASANT HILL RD2026-01$500,0001,30448.9%
41 CLEAR VIEW DR2025-09$651,0001,41856.8%
35 QUAKER AVE2025-06$735,0001,13552.6%
42 EVERDALE RD2026-04$730,0001,68453.9%
95 MORRIS TPKE2025-09$610,0001,84258.5%
19 ZANDER LN2026-01$390,0001,56286.7%

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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 →