The Fair Share Report

61 Beech Rd

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

≈ $736,046

Likely range $704,791 – $836,255, from 12 comparable Randolph sales in the past 18 months, at this home's 2,055 sq ft.

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 $736,046 home should be assessed near $526,494.

Step 3 · Assessed value

$383,200

Set at the last town-wide revaluation and mostly frozen since. That's $143,294 below what the ratio math suggests (27.2%).

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

$11,235/yr
Public schools$7,897
Morris County$1,184
Town of Randolph$2,154
Randolph average$14,453

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

Town median 58.6%
This home · 52.1%

40%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
6 ALPINE DR2025-12$655,0002,11060.4%
51 MISTY MOUNTAIN RD2025-04$907,0002,13648.7%
31 CENTER RD2025-01$670,0001,93654.8%
27 CLOVER LN2025-07$745,0002,08051.6%
19 CHESTNUT HILL RD2026-02$779,9002,27452.3%
2 RICHTER ST2025-04$600,0002,01066.6%
5 ALPINE DR2025-12$790,0001,94753.6%
15 LONGHILL RD2025-07$850,0002,02449.5%
12 FOXWOOD LN2025-06$775,0002,02452.9%
5 FOXWOOD LN2026-05$833,0002,04748.1%
3 LYNN DR2026-01$920,00060.0%
10 BAYBERRY LN2026-04$980,0002,09956.7%

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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 →