The Fair Share Report
8 Cherry Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $485,750 – $630,248, from 12 comparable Randolph sales in the past 18 months, at this home's 1,460 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Randolph assessments sit below market value — republished every October, applied town-wide. A $591,311 home should be assessed near $422,965.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,765 below what the ratio math suggests (2.1%).
Step 4 · The tax rate — same for every Randolph home
$2.060 Schools · 70% $0.309 County · 11% $0.562 Town · 19%
Step 5 · The bill
This home vs. every recent Randolph sale · assessed ÷ market
45%91%
A touch high — worth watching
This home's ratio sits above most of Randolph, but doesn't clear NJ's legal appeal line (82.26%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 CHERRY LN | 2026-04 | $550,000 | 1,358 | 65.9% |
| 12 CRESTWOOD DR | 2025-09 | $725,570 | 1,648 | 52.1% |
| 156 MILLBROOK AVE | 2025-03 | $550,000 | 1,574 | 57.0% |
| 170 QUAKER CHURCH RD | 2025-05 | $380,000 | 1,478 | 70.2% |
| 7 CEDAR TER | 2025-04 | $565,000 | 1,634 | 70.6% |
| 265 MILLBROOK AVE | 2025-06 | $515,400 | 1,572 | 53.9% |
| 35 MISTY MOUNTAIN RD | 2025-09 | $735,000 | 1,476 | 50.4% |
| 1 STONEHILL RD | 2025-02 | $640,000 | 1,580 | 52.2% |
| 41 CLEAR VIEW DR | 2025-09 | $651,000 | 1,418 | 56.8% |
| 70 SANFORD DR | 2025-04 | $550,000 | 1,316 | 51.6% |
| 74 KNICKERBOCKER AVE | 2025-07 | $620,000 | 1,556 | 48.2% |
| 22 BIRCHWOOD RD | 2025-06 | $625,500 | 1,449 | 51.1% |
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