The Fair Share Report

74 Brookside 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

≈ $620,379

Likely range $569,600 – $789,819, 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 $620,379 home should be assessed near $443,757.

Step 3 · Assessed value

$348,100

Set at the last town-wide revaluation and mostly frozen since. That's $95,657 below what the ratio math suggests (21.6%).

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

$10,206/yr
Public schools$7,173
Morris County$1,076
Town of Randolph$1,957
Randolph average$14,453

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

Town median 58.6%
This home · 56.1%

39%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
1134 SUSSEX TPKE2026-04$780,0001,87241.9%
16 SENECA TRL2025-11$692,0002,05854.7%
119 WOODMONT DR2025-12$575,0001,84564.2%
12 MAHOGANY WAY2025-09$635,0001,84556.0%
1473 SUSSEX TPKE2025-07$555,0001,77861.9%
15 LONGHILL RD2025-07$850,0002,02449.5%
19 RIDGEWOOD DR2025-11$620,0001,85558.5%
43 RIDGEWOOD DR2025-09$650,0001,85555.0%
61 RIDGEWOOD DR2025-08$565,0001,85561.7%
70 BROOKSIDE RD2025-02$660,0002,04457.7%
23 DOGWOOD TRL2025-11$725,0002,10655.2%
6 DARLENE CT2026-05$735,0001,70159.7%

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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 →