The Fair Share Report

33 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

≈ $658,708

Likely range $536,107 – $695,803, 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 $658,708 home should be assessed near $471,174.

Step 3 · Assessed value

$397,000

Set at the last town-wide revaluation and mostly frozen since. That's $74,174 below what the ratio math suggests (15.7%).

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

$11,640/yr
Public schools$8,181
Morris County$1,227
Town of Randolph$2,232
Randolph average$14,453

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

Town median 58.6%
This home · 60.3%

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
1526 SUSSEX TPKE2025-03$663,6502,10364.7%
51 SCHOOL HOUSE RD2025-04$725,0001,77157.0%
19 LAWRENCE RD2025-12$640,0002,42467.0%
193 CENTER GROVE RD2025-12$670,0002,18161.1%
82 MOUNTAINSIDE DR2025-11$633,0002,52063.4%
59 GRIST MILL RD2025-08$575,0002,09457.8%
333 QUAKER CHURCH RD2026-03$600,0002,22052.3%
70 BROOKSIDE RD2025-02$660,0002,04457.7%
10 FARVIEW AVE2026-06$801,0002,45953.8%
83 RIDGE RD2025-04$700,0002,06654.3%
35 CLEAR VIEW DR2025-08$651,0001,81759.5%
23 DOGWOOD TRL2025-11$725,0002,10655.2%

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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 →