The Fair Share Report

91 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.

Step 1 · Market value

≈ $1,212,345

Likely range $1,022,396 – $1,352,675, 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 $1,212,345 home should be assessed near $867,190.

Step 3 · Assessed value

$744,900

Set at the last town-wide revaluation and mostly frozen since. That's $122,290 below what the ratio math suggests (14.1%).

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%

This home's own bill implies $2.910 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$21,676/yr
Public schools$15,235
Morris County$2,285
Town of Randolph$4,156
Randolph average$14,453

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

Town median 58.6%
This home · 61.4%

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
34 WILKESHIRE BLVD2025-11$1,065,0003,57062.5%
53 BARBARA DR2025-09$1,450,0003,78054.8%
12 TROUT BROOK LN2025-04$1,205,0003,24261.1%
16 JAMES RD2025-08$948,5003,50168.5%
12 SPRING BROOK DR2026-05$1,200,0003,59652.7%
20 EDINBURGH DR2025-06$1,050,0003,09262.2%
25 CASTLE CT2025-07$950,0003,27571.3%
25 QUAIL RUN2025-07$1,500,0004,05165.0%
41 ARNOLD DR2025-04$1,430,0004,11862.0%
14 MT FREEDOM RD2025-10$999,0003,67468.0%
5 EDGEWOOD TER2025-10$870,0003,07770.7%
10 EDINBURGH DR2025-06$1,150,0003,25256.5%

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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 →