The Fair Share Report

8 Block 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

≈ $1,300,789

Likely range $1,223,032 – $1,411,068, from 12 comparable Randolph sales in the past 18 months, at this home's 4,354 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 $1,300,789 home should be assessed near $930,454.

Step 3 · Assessed value

$713,100

Set at the last town-wide revaluation and mostly frozen since. That's $217,354 below what the ratio math suggests (23.4%).

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

$20,908/yr
Public schools$14,695
Morris County$2,204
Town of Randolph$4,009
Randolph average$14,453

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

Town median 58.6%
This home · 54.8%

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
10 BARBARA DR2025-09$1,285,0004,30663.5%
15 SHAKER MILL RD2025-09$1,350,0004,20859.0%
12 BIRCH ST2026-03$655,0004,01477.7%
6 NATHAN DR2025-03$1,250,0004,18456.6%
23 BRAGMAN RD2025-06$1,310,0004,50157.6%
12 OLDE YORK RD2025-06$1,320,0004,07357.0%
10 CAMBRIDGE CT2025-12$1,236,5004,72663.9%
19 TIMBER LN2025-10$999,9993,56065.7%
1 APPLEWOOD LN2025-10$1,300,0004,48668.4%
61 BARBARA DR2025-02$1,310,0003,79658.7%
22 BURNETT BROOK DR2025-04$999,9993,88165.9%
21 QUAIL RUN2025-07$1,405,0004,15367.6%

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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 →