The Fair Share Report
4 Jay Dr
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 $579,753 – $735,637, 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 $708,112 home should be assessed near $506,513.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,087 above what the ratio math suggests (0.4%).
Step 4 · The tax rate — same for every Randolph home
$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%
This home's own bill implies $2.883 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Randolph sale · assessed ÷ market
45%93%
A touch high — worth watching
This home's ratio sits above most of Randolph, but doesn't clear NJ's legal appeal line (82.26%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 70 BROOKSIDE RD | 2025-02 | $660,000 | 2,044 | 57.7% |
| 66 FORDS RD | 2025-12 | $804,000 | 2,408 | 54.4% |
| 14 DOBY RD | 2025-05 | $917,000 | 2,445 | 50.5% |
| 3 WOODMONT DR | 2026-03 | $555,000 | 2,264 | 67.6% |
| 36 RIDGEWOOD DR | 2025-12 | $510,000 | 2,264 | 70.3% |
| 35 WOODMONT DR | 2025-11 | $615,000 | 2,264 | 63.9% |
| 5 WOODMONT DR | 2025-07 | $650,000 | 2,264 | 59.8% |
| 59 GRIST MILL RD | 2025-08 | $575,000 | 2,094 | 57.8% |
| 384 MILLBROOK AVE | 2026-04 | $735,000 | 2,261 | 48.6% |
| 40 RIDGEWOOD DR | 2025-04 | $490,000 | 2,028 | 75.8% |
| 16 SENECA TRL | 2025-11 | $692,000 | 2,058 | 54.7% |
| 115 SOUTH RD | 2025-02 | $700,000 | 2,122 | 60.0% |
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