The Fair Share Report

4 Champlain Ct

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

≈ $809,598

Likely range $635,140 – $889,167, 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 $809,598 home should be assessed near $579,105.

Step 3 · Assessed value

$483,000

Set at the last town-wide revaluation and mostly frozen since. That's $96,105 below what the ratio math suggests (16.6%).

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

$14,162/yr
Public schools$9,953
Morris County$1,493
Town of Randolph$2,715
Randolph average$14,453

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

Town median 58.6%
This home · 59.7%

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
19 GEORGIAN RD2025-10$880,0002,60252.7%
264 WASHINGTON VALLEY RD2025-09$850,0002,18049.8%
335 S MORRIS ST2025-11$750,0002,24051.3%
41 WILKINSON RD2025-07$880,0002,41060.2%
11 HILLCREST DR2026-01$815,0002,42061.0%
7 DRAKE CT2026-02$880,0002,42057.0%
20 LAUREL HILL DR2025-03$995,0002,41158.6%
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%
5 LOOKOUT RD2025-05$910,0002,58858.7%

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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 →