The Fair Share Report
4 Shadowbrook Way
Randolph, NJ 07945
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.
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Step 1 · Market value
Likely range $1,313,606 – $1,841,151, from 12 comparable Randolph sales in the past 18 months, at this home's 5,302 sq ft.
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 $1,512,552 home should be assessed near $1,081,928.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $188,428 below what the ratio math suggests (17.4%).
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
43%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 |
|---|---|---|---|---|
| 10 KINGSBROOK CT | 2025-04 | $1,375,000 | 4,895 | 75.0% |
| 6 OLDE YORK RD | 2025-12 | $1,500,000 | 5,258 | 60.2% |
| 14 SHADOWBROOK WAY | 2026-06 | $1,685,000 | 4,470 | 51.8% |
| 49 CARRELL RD | 2025-07 | $1,150,000 | 4,780 | 63.8% |
| 53 BARBARA DR | 2025-09 | $1,450,000 | 3,780 | 54.8% |
| 7 TAMARI CT | 2025-09 | $1,242,500 | 5,015 | 72.1% |
| 5 YORKSHIRE DR | 2025-10 | $1,250,000 | 5,074 | 81.8% |
| 41 ARNOLD DR | 2025-04 | $1,430,000 | 4,118 | 62.0% |
| 25 QUAIL RUN | 2025-07 | $1,500,000 | 4,051 | 65.0% |
| 15 CANTERBURY CT | 2025-01 | $1,265,000 | 7,044 | 102.3% |
| 165 DOVER-CHESTER RD | 2025-05 | $1,230,000 | 4,288 | 68.2% |
| 34 WILKESHIRE BLVD | 2025-11 | $1,065,000 | 3,570 | 62.5% |
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