The Fair Share Report

46 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

≈ $843,626

Likely range $781,298 – $922,936, 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 $843,626 home should be assessed near $603,446.

Step 3 · Assessed value

$491,500

Set at the last town-wide revaluation and mostly frozen since. That's $111,946 below what the ratio math suggests (18.6%).

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

$14,411/yr
Public schools$10,128
Morris County$1,519
Town of Randolph$2,763
Randolph average$14,453

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

Town median 58.6%
This home · 58.3%

45%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
24 MISTY MOUNTAIN RD2025-07$750,0002,37663.4%
5 ELAINE CT2026-03$885,0002,39252.0%
11 HILLCREST DR2026-01$815,0002,42061.0%
82 RADTKE RD2025-09$640,0002,52564.4%
6 CHERRY LN2025-12$920,0002,52459.6%
114 SHADY LN2025-12$860,0002,44255.0%
29 DOGWOOD TRL2025-07$710,0002,30466.7%
243 DOVER-CHESTER RD2025-09$639,0002,34051.7%
12 ALCOR RD2025-09$850,0002,67955.0%
5 LOOKOUT RD2025-05$910,0002,58858.7%
15 SOUTHVIEW RD2026-03$910,0002,31546.9%
3 SPRINGHILL RD2026-03$870,0002,76264.1%

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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 →