The Fair Share Report

8 John 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

≈ $716,720

Likely range $693,733 – $891,467, 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 $716,720 home should be assessed near $512,670.

Step 3 · Assessed value

$388,400

Set at the last town-wide revaluation and mostly frozen since. That's $124,270 below what the ratio math suggests (24.2%).

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

$11,388/yr
Public schools$8,004
Morris County$1,201
Town of Randolph$2,184
Randolph average$14,453

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

Town median 58.6%
This home · 54.2%

38%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
7 PAMELA DR2026-06$750,0001,95650.8%
31 RIDGE RD2025-02$705,0002,09656.6%
7 HOLLY DR2025-11$935,0002,19657.9%
6 ALPINE DR2025-12$655,0002,11060.4%
1 PAMELA DR2025-12$665,0001,95654.0%
1 DOGWOOD TRL2025-12$660,0001,92854.0%
3 WINDING WAY2025-04$1,075,0002,07848.7%
83 RIDGE RD2025-04$700,0002,06654.3%
2 RICHTER ST2025-04$600,0002,01066.6%
15 OLD CHIMNEY RD2025-06$815,0002,23657.5%
15 LONGHILL RD2025-07$850,0002,02449.5%
10 BAYBERRY LN2026-04$980,0002,09956.7%

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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 →