The Fair Share Report

5 Eagle Ct

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

≈ $900,644

Likely range $796,594 – $951,996, 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 $900,644 home should be assessed near $644,231.

Step 3 · Assessed value

$542,500

Set at the last town-wide revaluation and mostly frozen since. That's $101,731 below what the ratio math suggests (15.8%).

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

$15,906/yr
Public schools$11,179
Morris County$1,677
Town of Randolph$3,050
Randolph average$14,453

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

Town median 58.6%
This home · 60.2%

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 PARKVIEW RD2025-08$875,0002,65961.1%
134 MUNSON ST2025-11$610,0002,70464.3%
24 VALLEY RD2025-06$1,045,0003,32056.9%
31 DOVER-CHESTER RD2025-07$900,0002,79457.6%
11 COTTONWOOD DR2025-09$780,0002,69458.9%
6 TULIP LN2025-09$850,0002,97669.0%
14 HERITAGE CT2025-09$985,0002,91560.5%
8 EAGLE CT2025-06$950,0003,06457.4%
48 MAC SPAR DR2025-05$965,0002,67854.0%
17 BONNELL LN2025-02$855,0002,33861.5%
7.1 MAIN ST2026-06$785,0002,30654.4%
19 GEORGIAN RD2025-10$880,0002,60252.7%

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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 →