The Fair Share Report
9 Doby Rd
Randolph, NJ 07945
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.
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Step 1 · Market value
Likely range $1,051,847 – $1,348,509, from 12 comparable Randolph sales in the past 18 months (home size estimated from assessor data — range widened).
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 $1,253,594 home should be assessed near $896,696.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $246,296 below what the ratio math suggests (27.5%).
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
43%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 12 SPRING BROOK DR | 2026-05 | $1,200,000 | 3,596 | 52.7% |
| 25 QUAIL RUN | 2025-07 | $1,500,000 | 4,051 | 65.0% |
| 14 MT FREEDOM RD | 2025-10 | $999,000 | 3,674 | 68.0% |
| 41 ARNOLD DR | 2025-04 | $1,430,000 | 4,118 | 62.0% |
| 16 JAMES RD | 2025-08 | $948,500 | 3,501 | 68.5% |
| 4 BRANDYWINE CT | 2026-06 | $1,425,000 | 3,793 | 50.4% |
| 2 WEXFORD CT | 2025-12 | $1,250,000 | 3,718 | 54.7% |
| 4 WATERVIEW LN | 2026-01 | $1,180,000 | 3,660 | 62.9% |
| 42 QUAIL RUN | 2026-01 | $1,300,000 | 3,695 | 59.2% |
| 17 KNOLLWOOD TER | 2026-01 | $1,300,000 | 3,695 | 52.1% |
| 12 TROUT BROOK LN | 2025-04 | $1,205,000 | 3,242 | 61.1% |
| 34 WILKESHIRE BLVD | 2025-11 | $1,065,000 | 3,570 | 62.5% |
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