The Fair Share Report

7 Maple 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

≈ $875,266

Likely range $842,080 – $903,910, 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 $875,266 home should be assessed near $626,078.

Step 3 · Assessed value

$449,600

Set at the last town-wide revaluation and mostly frozen since. That's $176,478 below what the ratio math suggests (28.2%).

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

$13,182/yr
Public schools$9,265
Morris County$1,390
Town of Randolph$2,528
Randolph average$14,453

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

Town median 58.6%
This home · 51.4%

44%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
14 ALBERT CT2025-05$839,0002,44874.3%
5 ALBERT CT2026-02$780,00077.5%
28 ALBERT CT2025-03$725,0002,32873.7%
37 ALBERT CT2025-01$785,0002,32272.5%
11 FLOWER HORN BLVD2026-02$754,3212,26476.0%
41 ALBERT CT2025-05$687,0002,11473.0%
24 PARKVIEW RD2025-08$875,0002,65961.1%
16 BARNEY ST2025-09$780,0002,78857.5%
31 DOVER-CHESTER RD2025-07$900,0002,79457.6%
11 COTTONWOOD DR2025-09$780,0002,69458.9%
4 ALBERT CT2025-01$650,0001,93066.3%
18 BROMPTON PL2025-08$675,0001,91467.3%

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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 →