The Fair Share Report

77 Brookside Rd

Randolph, NJ 07405

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

≈ $530,333

Likely range $392,712 – $576,892, 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 $530,333 home should be assessed near $379,347.

Step 3 · Assessed value

$309,500

Set at the last town-wide revaluation and mostly frozen since. That's $69,847 below what the ratio math suggests (18.4%).

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

$9,075/yr
Public schools$6,378
Morris County$957
Town of Randolph$1,740
Randolph average$14,453

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

Town median 58.6%
This home · 58.4%

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
265 MILLBROOK AVE2025-06$515,4001,57253.9%
21 WILLOW AVE2025-07$390,0001,61265.7%
156 MILLBROOK AVE2025-03$550,0001,57457.0%
19 ZANDER LN2026-01$390,0001,56286.7%
12 CRESTWOOD DR2025-09$725,5701,64852.1%
46 W HANOVER AVE2026-04$630,0001,90254.2%
46 W HANOVER AVE2026-01$487,5001,90270.0%
93 HILLTOP DR2025-10$631,0001,59550.9%
7 CEDAR TER2025-04$565,0001,63470.6%
35 CLEAR VIEW DR2025-08$651,0001,81759.5%
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 →