The Fair Share Report

79 Beech 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

≈ $662,345

Likely range $574,310 – $785,340, from 12 comparable Randolph sales in the past 18 months, at this home's 2,307 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 $662,345 home should be assessed near $473,775.

Step 3 · Assessed value

$467,200

Set at the last town-wide revaluation and mostly frozen since. That's $6,575 below what the ratio math suggests (1.4%).

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

$13,698/yr
Public schools$9,628
Morris County$1,444
Town of Randolph$2,627
Randolph average$14,453

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

Town median 58.6%
This home · 70.5%

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
3 WOODMONT DR2026-03$555,0002,26467.6%
36 RIDGEWOOD DR2025-12$510,0002,26470.3%
35 WOODMONT DR2025-11$615,0002,26463.9%
5 WOODMONT DR2025-07$650,0002,26459.8%
7.1 MAIN ST2026-06$785,0002,30654.4%
17 BONNELL LN2025-02$855,0002,33861.5%
372 DOVER-CHESTER RD2025-12$650,0002,36453.7%
372 DOVER-CHESTER RD2025-01$588,5002,36459.3%
7 DRAKE CT2026-02$880,0002,42057.0%
24 PARKVIEW RD2025-08$875,0002,65961.1%
40 RIDGEWOOD DR2025-04$490,0002,02875.8%
335 S MORRIS ST2025-11$750,0002,24051.3%

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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 →