The Fair Share Report

7 Guy St

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

≈ $789,544

Likely range $738,523 – $865,876, from 12 comparable Randolph sales in the past 18 months, at this home's 2,134 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 $789,544 home should be assessed near $564,761.

Step 3 · Assessed value

$365,500

Set at the last town-wide revaluation and mostly frozen since. That's $199,261 below what the ratio math suggests (35.3%).

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

$10,716/yr
Public schools$7,532
Morris County$1,130
Town of Randolph$2,055
Randolph average$14,453

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

Town median 58.6%
This home · 46.3%

37%88%

Keep quiet and enjoy it

This home's assessment ratio sits below the Randolph pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
51 MISTY MOUNTAIN RD2025-04$907,0002,13648.7%
3 LYNN DR2026-01$920,00060.0%
19 CHESTNUT HILL RD2026-02$779,9002,27452.3%
6 ALPINE DR2025-12$655,0002,11060.4%
24 MOSTYN RD2025-08$760,0002,17753.0%
27 CLOVER LN2025-07$745,0002,08051.6%
2 CHESTNUT HILL RD2026-04$890,0002,22951.3%
15 SOUTHVIEW RD2026-03$910,0002,31546.9%
5 ALPINE DR2025-12$790,0001,94753.6%
12 FOXWOOD LN2025-06$775,0002,02452.9%
5 FOXWOOD LN2026-05$833,0002,04748.1%
31 CENTER RD2025-01$670,0001,93654.8%

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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 →