The Fair Share Report
31 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $546,025 – $708,868, 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 $675,259 home should be assessed near $483,013.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,213 below what the ratio math suggests (17.0%).
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 |
|---|---|---|---|---|
| 115 SOUTH RD | 2025-02 | $700,000 | 2,122 | 60.0% |
| 95 MORRIS TPKE | 2025-09 | $610,000 | 1,842 | 58.5% |
| 59 GRIST MILL RD | 2025-08 | $575,000 | 2,094 | 57.8% |
| 70 BROOKSIDE RD | 2025-02 | $660,000 | 2,044 | 57.7% |
| 29 PIERSONS HILL RD | 2026-01 | $810,000 | 1,976 | 57.0% |
| 40 RIDGEWOOD DR | 2025-04 | $490,000 | 2,028 | 75.8% |
| 23 DOGWOOD TRL | 2025-11 | $725,000 | 2,106 | 55.2% |
| 16 SENECA TRL | 2025-11 | $692,000 | 2,058 | 54.7% |
| 3 WINDING WAY | 2025-04 | $1,075,000 | 2,078 | 48.7% |
| 51 SCHOOL HOUSE RD | 2025-04 | $725,000 | 1,771 | 57.0% |
| 24 KENSINGTON DR | 2025-05 | $615,000 | 1,996 | 59.9% |
| 19 LAWRENCE RD | 2025-12 | $640,000 | 2,424 | 67.0% |
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