The Fair Share Report

4 Guy St

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

≈ $741,026

Likely range $653,123 – $776,969, 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 $741,026 home should be assessed near $530,056.

Step 3 · Assessed value

$333,700

Set at the last town-wide revaluation and mostly frozen since. That's $196,356 below what the ratio math suggests (37.0%).

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

$9,784/yr
Public schools$6,877
Morris County$1,031
Town of Randolph$1,876
Randolph average$14,453

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

Town median 58.6%
This home · 45.0%

37%88%

Keep quiet and enjoy it

This home's assessment ratio sits below the Randolph pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
5 ALPINE DR2025-12$790,0001,94753.6%
3 LYNN DR2026-01$920,00060.0%
12 FOXWOOD LN2025-06$775,0002,02452.9%
27 CLOVER LN2025-07$745,0002,08051.6%
5 FOXWOOD LN2026-05$833,0002,04748.1%
31 CENTER RD2025-01$670,0001,93654.8%
22 CORWIN ST2025-07$655,0001,82250.9%
13 DEEPDALE DR2025-05$805,0001,68254.1%
32 SANFORD DR2025-09$650,0001,92253.9%
32 HIGHVIEW TER2025-10$700,0001,93047.8%
51 MISTY MOUNTAIN RD2025-04$907,0002,13648.7%
13 CLOVER LN2025-10$775,0001,93950.9%

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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 →