The Fair Share Report

4 Maple 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.

Step 1 · Market value

≈ $569,114

Likely range $473,989 – $611,816, 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 $569,114 home should be assessed near $407,087.

Step 3 · Assessed value

$264,700

Set at the last town-wide revaluation and mostly frozen since. That's $142,387 below what the ratio math suggests (35.0%).

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

$7,761/yr
Public schools$5,455
Morris County$818
Town of Randolph$1,488
Randolph average$14,453

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

Town median 58.6%
This home · 46.5%

38%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
4 CHERRY LN2026-04$550,0001,35865.9%
70 SANFORD DR2025-04$550,0001,31651.6%
170 QUAKER CHURCH RD2025-05$380,0001,47870.2%
22 BIRCHWOOD RD2025-06$625,5001,44951.1%
17 SUNSET DR2025-08$570,9991,38054.5%
7 CEDAR TER2025-04$565,0001,63470.6%
345 CENTER GROVE RD2025-11$530,0001,59351.1%
345 CENTER GROVE RD2025-07$445,0001,59360.9%
35 MISTY MOUNTAIN RD2025-09$735,0001,47650.4%
1 STONEHILL RD2025-02$640,0001,58052.2%
156 MILLBROOK AVE2025-03$550,0001,57457.0%
74 KNICKERBOCKER AVE2025-07$620,0001,55648.2%

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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 →