The Fair Share Report

5 Brompton Pl

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

≈ $1,203,268

Likely range $1,048,432 – $1,267,129, 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 $1,203,268 home should be assessed near $860,698.

Step 3 · Assessed value

$600,000

Set at the last town-wide revaluation and mostly frozen since. That's $260,698 below what the ratio math suggests (30.3%).

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

$17,592/yr
Public schools$12,364
Morris County$1,855
Town of Randolph$3,373
Randolph average$14,453

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

Town median 58.6%
This home · 49.9%

42%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
5 ALBERT CT2026-02$780,00077.5%
4 LA MALFA RD2025-09$1,150,0003,92255.7%
165 DOVER-CHESTER RD2025-05$1,230,0004,28868.2%
61 BARBARA DR2025-02$1,310,0003,79658.7%
2 WEXFORD CT2025-12$1,250,0003,71854.7%
42 QUAIL RUN2026-01$1,300,0003,69559.2%
34 WILKESHIRE BLVD2025-11$1,065,0003,57062.5%
32 BARBARA DR2025-06$1,400,0003,50653.6%
53 BARBARA DR2025-09$1,450,0003,78054.8%
9 BLUE BIRD CT2025-09$1,050,0003,33158.4%
4 WATERVIEW LN2026-01$1,180,0003,66062.9%
1 TROUT BROOK LN2026-05$1,275,0003,36458.0%

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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 →