The Fair Share Report

7 Devonshire 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

≈ $1,235,189

Likely range $1,031,802 – $1,322,081, from 12 comparable Randolph sales in the past 18 months, at this home's 3,557 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 $1,235,189 home should be assessed near $883,531.

Step 3 · Assessed value

$784,200

Set at the last town-wide revaluation and mostly frozen since. That's $99,331 below what the ratio math suggests (11.2%).

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

$22,993/yr
Public schools$16,160
Morris County$2,424
Town of Randolph$4,409
Randolph average$14,453

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

Town median 58.6%
This home · 63.5%

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)

AddressSoldPriceSq ftRatio
10 EDINBURGH DR2025-06$1,150,0003,25256.5%
34 WILKESHIRE BLVD2025-11$1,065,0003,57062.5%
53 BARBARA DR2025-09$1,450,0003,78054.8%
1 TROUT BROOK LN2026-05$1,275,0003,36458.0%
25 CASTLE CT2025-07$950,0003,27571.3%
5 EDGEWOOD TER2025-10$870,0003,07770.7%
14 SHADOWBROOK WAY2026-06$1,685,0004,47051.8%
12 TROUT BROOK LN2025-04$1,205,0003,24261.1%
16 JAMES RD2025-08$948,5003,50168.5%
20 EDINBURGH DR2025-06$1,050,0003,09262.2%
12 SPRING BROOK DR2026-05$1,200,0003,59652.7%
49 HERITAGE CT2026-04$1,180,0003,18456.5%

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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 →