The Fair Share Report

12 Echo Dr

Sparta, NJ 07871

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

≈ $792,097

Likely range $685,838 – $817,264, from 12 comparable Sparta sales in the past 18 months, at this home's 2,888 sq ft.

Step 2 · The Director's Ratio

59.82%

The state's official measure of how far Sparta assessments sit below market value — republished every October, applied town-wide. A $792,097 home should be assessed near $473,832.

Step 3 · Assessed value

$437,000

Set at the last town-wide revaluation and mostly frozen since. That's $36,832 below what the ratio math suggests (7.8%).

Step 4 · The tax rate — same for every Sparta home

$3.667 per $100 assessed

$2.362 Schools · 64% $0.624 County · 17% $0.681 Town · 19%

Step 5 · The bill

$16,029/yr
Public schools$10,325
Sussex County$2,728
Town of Sparta$2,977
Sparta average$13,693

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

Town median 52.4%
This home · 55.2%

39%74%

Paying about right

This home's ratio lands inside Sparta'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
1 BRENTWOOD CT2025-11$780,0002,81050.7%
4 BEL AIR DR2025-07$815,0002,88051.1%
2 MILL CREEK RD2025-10$840,0002,85746.6%
348 WEST MOUNTAIN RD2025-11$525,0002,80474.6%
14 SENECA LAKE TERR2026-05$791,0002,88452.4%
25 GRANDVIEW TER2025-11$660,0002,56561.5%
200 SAWMILL RD2025-05$740,0003,32656.8%
36 WESTBURY DR2026-05$875,0003,34156.2%
30 HEATHER LN2025-07$810,0002,42650.0%
33 BEL AIR DR2025-09$830,0003,43252.4%
3 WHISPERING WOODS LN2025-01$770,0002,79051.7%
47 DEIRE DR2026-06$825,0003,47462.6%

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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 →