The Fair Share Report

34 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

≈ $691,610

Likely range $595,396 – $702,791, 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 $691,610 home should be assessed near $494,709.

Step 3 · Assessed value

$427,400

Set at the last town-wide revaluation and mostly frozen since. That's $67,309 below what the ratio math suggests (13.6%).

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

$12,531/yr
Public schools$8,807
Morris County$1,321
Town of Randolph$2,403
Randolph average$14,453

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

Town median 58.6%
This home · 61.8%

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
115 SOUTH RD2025-02$700,0002,12260.0%
46 OAK LN2025-02$675,0002,05062.1%
29 PIERSONS HILL RD2026-01$810,0001,97657.0%
95 MORRIS TPKE2025-09$610,0001,84258.5%
40 RIDGEWOOD DR2025-04$490,0002,02875.8%
14 CARRELL RD2026-02$785,0002,40463.4%
4 CARRELL RD2026-05$825,0001,78153.1%
42 EVERDALE RD2026-04$730,0001,68453.9%
3 WOODMONT DR2026-03$555,0002,26467.6%
36 RIDGEWOOD DR2025-12$510,0002,26470.3%
35 WOODMONT DR2025-11$615,0002,26463.9%
5 WOODMONT DR2025-07$650,0002,26459.8%

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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 →