The Fair Share Report

65 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

≈ $736,404

Likely range $685,176 – $850,899, 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 $736,404 home should be assessed near $526,750.

Step 3 · Assessed value

$421,000

Set at the last town-wide revaluation and mostly frozen since. That's $105,750 below what the ratio math suggests (20.1%).

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

$12,344/yr
Public schools$8,676
Morris County$1,301
Town of Randolph$2,367
Randolph average$14,453

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

Town median 58.6%
This home · 57.2%

44%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
31 CENTER RD2025-01$670,0001,93654.8%
2 RICHTER ST2025-04$600,0002,01066.6%
6 ALPINE DR2025-12$655,0002,11060.4%
12 FOXWOOD LN2025-06$775,0002,02452.9%
5 FOXWOOD LN2026-05$833,0002,04748.1%
27 CLOVER LN2025-07$745,0002,08051.6%
51 MISTY MOUNTAIN RD2025-04$907,0002,13648.7%
1 DOGWOOD TRL2025-12$660,0001,92854.0%
24 MOSTYN RD2025-08$760,0002,17753.0%
24 MISTY MOUNTAIN RD2025-07$750,0002,37663.4%
31 RIDGE RD2025-02$705,0002,09656.6%
7 PAMELA DR2026-06$750,0001,95650.8%

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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 →