How do I get this deal?

Below/attached is the public records of block #49 Lot #3 in Randolph Township, NJ.

Tax records show that it is owned by the biggest developer in the town- “Heritage Village, Inc.” A company owned by developer Sal Campo. The land is flat law land that sits between Doby Rd and Calais Rd, Randolph. The Morris county tax documentation below shows that it is 67.6 acres*[1]in total. It was purchased for a rather strange exact amount of $1,000,000.00 or $14,792 p/acre! An acre of raw land in Randolph, NJ sells for 20x to 50x that amount.

It has an assessed value of only $9,300 and pays a ridiculous amount of taxes of only $273 (2007). Comparable tax records for similiar land shows that this land should have been taxed at 200 times more than it was and continues to be. Importantly, the tax records show it has no deductions or exemptions, like farmland. No one has ever viewed anything being grown on the property as well.
This is outrageous benefit somehow construed on the township’s largest developer who has given thousands of dollars to the Randolph Township town council-all members are Republicans.


[1] According to tax map Block 49 Lot 3 is 67.6 acres while tax records show 57.88. Either way, the land is ridiculously undervalued by both the town and sales data. Raw land is Randolph can NOT be bought for $14k p/acre or $17k p/acre which is the range based on 57.88 to 67.60.