The Fair Share Report
15 Farmbrook Rd
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $681,357 – $832,455, from 12 comparable Sparta sales in the past 18 months, at this home's 2,648 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Sparta assessments sit below market value — republished every October, applied town-wide. A $763,429 home should be assessed near $456,683.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,483 below what the ratio math suggests (4.0%).
Step 4 · The tax rate — same for every Sparta home
$2.362 Schools · 64% $0.624 County · 17% $0.681 Town · 19%
Step 5 · The bill
This home vs. every recent Sparta sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 SCHINDLER DR | 2025-07 | $885,000 | 2,732 | 49.2% |
| 255 EAST MOUNTAIN RD | 2025-06 | $569,000 | 2,632 | 64.0% |
| 14 SENECA LAKE TERR | 2026-05 | $791,000 | 2,884 | 52.4% |
| 11 DAHN DR | 2026-06 | $775,000 | 2,576 | 50.6% |
| 4 BEL AIR DR | 2025-07 | $815,000 | 2,880 | 51.1% |
| 2 MILL CREEK RD | 2025-10 | $840,000 | 2,857 | 46.6% |
| 3 WHISPERING WOODS LN | 2025-01 | $770,000 | 2,790 | 51.7% |
| 10 COTTONWOOD TRL | 2025-08 | $840,000 | 2,672 | 49.7% |
| 10 MILL CREEK RD | 2025-03 | $827,500 | — | 49.2% |
| 12 BUTTERNUT WAY | 2025-08 | $930,000 | 2,634 | 53.4% |
| 2 DOE RUN | 2025-08 | $855,000 | 2,504 | 44.3% |
| 329 GLEN RD | 2025-10 | $668,000 | 2,317 | 51.8% |
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