The Fair Share Report

5 Maple Dr

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

≈ $678,380

Likely range $644,098 – $768,180, 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 $678,380 home should be assessed near $485,245.

Step 3 · Assessed value

$332,900

Set at the last town-wide revaluation and mostly frozen since. That's $152,345 below what the ratio math suggests (31.4%).

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

$9,761/yr
Public schools$6,860
Morris County$1,029
Town of Randolph$1,872
Randolph average$14,453

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

Town median 58.6%
This home · 49.1%

38%88%

Keep quiet and enjoy it

This home's assessment ratio sits below the Randolph pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
32 SANFORD DR2025-09$650,0001,92253.9%
32 HIGHVIEW TER2025-10$700,0001,93047.8%
22 CORWIN ST2025-07$655,0001,82250.9%
13 CLOVER LN2025-10$775,0001,93950.9%
5 FOXWOOD LN2026-05$833,0002,04748.1%
12 FOXWOOD LN2025-06$775,0002,02452.9%
5 ALPINE DR2025-12$790,0001,94753.6%
4 ELM PL2025-04$570,0001,65855.6%
13 DEEPDALE DR2025-05$805,0001,68254.1%
5 SHARON ST2025-01$570,0001,64750.4%
381 S MORRIS ST2025-05$500,0001,59259.7%
27 CLOVER LN2025-07$745,0002,08051.6%

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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 →