The Fair Share Report

44 Beech Rd

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

≈ $831,038

Likely range $703,887 – $921,628, 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 $831,038 home should be assessed near $594,441.

Step 3 · Assessed value

$456,600

Set at the last town-wide revaluation and mostly frozen since. That's $137,841 below what the ratio math suggests (23.2%).

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

$13,388/yr
Public schools$9,409
Morris County$1,411
Town of Randolph$2,567
Randolph average$14,453

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

Town median 58.6%
This home · 54.9%

44%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
29 DOGWOOD TRL2025-07$710,0002,30466.7%
24 MISTY MOUNTAIN RD2025-07$750,0002,37663.4%
243 DOVER-CHESTER RD2025-09$639,0002,34051.7%
19 CHESTNUT HILL RD2026-02$779,9002,27452.3%
3 OVERBROOK RD2026-06$960,0002,29452.8%
5 ELAINE CT2026-03$885,0002,39252.0%
15 SOUTHVIEW RD2026-03$910,0002,31546.9%
15 OLD CHIMNEY RD2025-06$815,0002,23657.5%
6 ALPINE DR2025-12$655,0002,11060.4%
7 HOLLY DR2025-11$935,0002,19657.9%
11 HILLCREST DR2026-01$815,0002,42061.0%
2 CHESTNUT HILL RD2026-04$890,0002,22951.3%

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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 →