The Fair Share Report
5 Memory Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $939,777 – $1,079,262, 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 $1,041,499 home should be assessed near $744,984.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $112,784 below what the ratio math suggests (15.1%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 JESSICA PL | 2026-06 | $950,000 | 2,741 | 55.7% |
| 342 CENTER GROVE RD | 2025-07 | $999,999 | 2,842 | 46.4% |
| 11 CHIDESTER RD | 2025-02 | $933,000 | 2,737 | 60.0% |
| 32 HEATHER LN | 2025-07 | $1,120,000 | 3,071 | 62.5% |
| 41 MUSIKER AVE | 2025-10 | $980,000 | 3,092 | 65.8% |
| 6 THEODORE DR | 2025-09 | $925,000 | 3,232 | 68.9% |
| 43 WILKESHIRE BLVD | 2026-04 | $1,100,000 | 2,927 | 54.1% |
| 6 COLONIAL CT | 2025-09 | $982,000 | 2,824 | 54.9% |
| 11 SPARROW RD | 2025-05 | $975,000 | 3,244 | 59.8% |
| 5 HERITAGE CT | 2026-05 | $1,230,000 | 3,152 | 51.5% |
| 24 VALLEY DR | 2025-04 | $897,700 | 3,114 | 59.5% |
| 15 ALDEBARAN DR | 2025-05 | $970,000 | 2,770 | 58.1% |
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