The Fair Share Report

7 E Logan 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

≈ $707,841

Likely range $684,540 – $729,820, from 12 comparable Randolph sales in the past 18 months, at this home's 2,120 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 $707,841 home should be assessed near $506,319.

Step 3 · Assessed value

$399,300

Set at the last town-wide revaluation and mostly frozen since. That's $107,019 below what the ratio math suggests (21.1%).

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

$11,707/yr
Public schools$8,228
Morris County$1,234
Town of Randolph$2,245
Randolph average$14,453

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

Town median 58.6%
This home · 56.4%

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
59 GRIST MILL RD2025-08$575,0002,09457.8%
70 BROOKSIDE RD2025-02$660,0002,04457.7%
23 DOGWOOD TRL2025-11$725,0002,10655.2%
384 MILLBROOK AVE2026-04$735,0002,26148.6%
16 SENECA TRL2025-11$692,0002,05854.7%
115 SOUTH RD2025-02$700,0002,12260.0%
3 WINDING WAY2025-04$1,075,0002,07848.7%
13 HOLLY DR2026-01$893,0002,20457.6%
1 GOLDEN CORNER WAY2025-09$750,0002,27857.9%
31 RIDGE RD2025-02$705,0002,09656.6%
66 FORDS RD2025-12$804,0002,40854.4%
14 DOBY RD2025-05$917,0002,44550.5%

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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 →