The Fair Share Report

9 S 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.

Step 1 · Market value

≈ $1,067,968

Likely range $976,688 – $1,191,989, from 12 comparable Randolph sales in the past 18 months, at this home's 3,388 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 $1,067,968 home should be assessed near $763,918.

Step 3 · Assessed value

$614,400

Set at the last town-wide revaluation and mostly frozen since. That's $149,518 below what the ratio math suggests (19.6%).

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

$18,014/yr
Public schools$12,661
Morris County$1,899
Town of Randolph$3,454
Randolph average$14,453

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

Town median 58.6%
This home · 57.5%

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
5 ALBERT CT2026-02$780,00077.5%
9 BLUE BIRD CT2025-09$1,050,0003,33158.4%
32 BARBARA DR2025-06$1,400,0003,50653.6%
11 SPARROW RD2025-05$975,0003,24459.8%
61 BARBARA DR2025-02$1,310,0003,79658.7%
42 QUAIL RUN2026-01$1,300,0003,69559.2%
9 GOLDEN CORNER WAY2025-06$1,020,0003,27054.5%
2 WEXFORD CT2025-12$1,250,0003,71854.7%
24 VALLEY DR2025-04$897,7003,11459.5%
16 OLDE YORK RD2025-08$1,225,0003,41957.6%
16 DOGWOOD TRL2025-12$840,0003,40555.3%
5 MARINER DR2025-08$908,0003,34266.4%

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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 →