The Fair Share Report
5 Harmony Rd
Randolph, NJ 07059
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $516,432 – $656,510, from 12 comparable Randolph sales in the past 18 months (home size estimated from assessor data — range widened).
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 $555,591 home should be assessed near $397,414.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $83,514 below what the ratio math suggests (21.0%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 12 CRESTWOOD DR | 2025-09 | $725,570 | 1,648 | 52.1% |
| 265 MILLBROOK AVE | 2025-06 | $515,400 | 1,572 | 53.9% |
| 7 CEDAR TER | 2025-04 | $565,000 | 1,634 | 70.6% |
| 156 MILLBROOK AVE | 2025-03 | $550,000 | 1,574 | 57.0% |
| 1 STONEHILL RD | 2025-02 | $640,000 | 1,580 | 52.2% |
| 19 ZANDER LN | 2026-01 | $390,000 | 1,562 | 86.7% |
| 345 CENTER GROVE RD | 2025-11 | $530,000 | 1,593 | 51.1% |
| 345 CENTER GROVE RD | 2025-07 | $445,000 | 1,593 | 60.9% |
| 74 KNICKERBOCKER AVE | 2025-07 | $620,000 | 1,556 | 48.2% |
| 93 HILLTOP DR | 2025-10 | $631,000 | 1,595 | 50.9% |
| 4 CHERRY LN | 2026-04 | $550,000 | 1,358 | 65.9% |
| 381 S MORRIS ST | 2025-05 | $500,000 | 1,592 | 59.7% |
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