The Fair Share Report
4 Iris Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $706,857 – $839,670, 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 $786,104 home should be assessed near $562,300.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $174,800 below what the ratio math suggests (31.1%).
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
41%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 |
|---|---|---|---|---|
| 5 FOXWOOD LN | 2026-05 | $833,000 | 2,047 | 48.1% |
| 12 FOXWOOD LN | 2025-06 | $775,000 | 2,024 | 52.9% |
| 27 CLOVER LN | 2025-07 | $745,000 | 2,080 | 51.6% |
| 24 MOSTYN RD | 2025-08 | $760,000 | 2,177 | 53.0% |
| 2 CHESTNUT HILL RD | 2026-04 | $890,000 | 2,229 | 51.3% |
| 5 ALPINE DR | 2025-12 | $790,000 | 1,947 | 53.6% |
| 32 HIGHVIEW TER | 2025-10 | $700,000 | 1,930 | 47.8% |
| 32 SANFORD DR | 2025-09 | $650,000 | 1,922 | 53.9% |
| 13 CLOVER LN | 2025-10 | $775,000 | 1,939 | 50.9% |
| 51 MISTY MOUNTAIN RD | 2025-04 | $907,000 | 2,136 | 48.7% |
| 2 RICHTER ST | 2025-04 | $600,000 | 2,010 | 66.6% |
| 107 HIGH ST | 2026-03 | $1,100,000 | 2,156 | 38.4% |
Is this your house?
Run your own report →