The Fair Share Report

7 John Ct

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

≈ $618,332

Likely range $576,482 – $707,838, 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 $618,332 home should be assessed near $442,293.

Step 3 · Assessed value

$328,100

Set at the last town-wide revaluation and mostly frozen since. That's $114,193 below what the ratio math suggests (25.8%).

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

$9,620/yr
Public schools$6,761
Morris County$1,014
Town of Randolph$1,845
Randolph average$14,453

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

Town median 58.6%
This home · 53.1%

41%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
13 DEEPDALE DR2025-05$805,0001,68254.1%
7 CEDAR TER2025-04$565,0001,63470.6%
22 CORWIN ST2025-07$655,0001,82250.9%
74 KNICKERBOCKER AVE2025-07$620,0001,55648.2%
12 CRESTWOOD DR2025-09$725,5701,64852.1%
1 STONEHILL RD2025-02$640,0001,58052.2%
31 CENTER RD2025-01$670,0001,93654.8%
35 MISTY MOUNTAIN RD2025-09$735,0001,47650.4%
3 LYNN DR2026-01$920,00060.0%
1 DOGWOOD TRL2025-12$660,0001,92854.0%
345 CENTER GROVE RD2025-11$530,0001,59351.1%
345 CENTER GROVE RD2025-07$445,0001,59360.9%

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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 →