The Fair Share Report

31 E Logan Rd

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

≈ $1,217,913

Likely range $1,101,570 – $1,336,969, 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 $1,217,913 home should be assessed near $871,173.

Step 3 · Assessed value

$738,300

Set at the last town-wide revaluation and mostly frozen since. That's $132,873 below what the ratio math suggests (15.3%).

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

$21,647/yr
Public schools$15,214
Morris County$2,282
Town of Randolph$4,151
Randolph average$14,453

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

Town median 58.6%
This home · 60.6%

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
17 KNOLLWOOD TER2026-01$1,300,0003,69552.1%
4 WATERVIEW LN2026-01$1,180,0003,66062.9%
4 BRANDYWINE CT2026-06$1,425,0003,79350.4%
2 WEXFORD CT2025-12$1,250,0003,71854.7%
22 BURNETT BROOK DR2025-04$999,9993,88165.9%
42 QUAIL RUN2026-01$1,300,0003,69559.2%
7 OLD WOOD LN SOUTH2025-05$1,300,0003,69053.0%
20 BRAGMAN RD2025-07$1,100,0003,70464.5%
15 ARNOLD DR2025-05$1,326,0004,04960.6%
7 BLUE BIRD CT2025-05$1,050,0003,96065.7%
6 NATHAN DR2025-03$1,250,0004,18456.6%
12 OLDE YORK RD2025-06$1,320,0004,07357.0%

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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 →