The Fair Share Report
17 Memory Ln
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 $543,371 – $811,584, from 12 comparable Sparta sales in the past 18 months (home size estimated from assessor data — range widened).
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 $664,274 home should be assessed near $397,369.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,469 below what the ratio math suggests (13.2%).
Step 4 · The tax rate — same for every Sparta home
$2.362 Schools · 64% $0.624 County · 17% $0.681 Town · 19%
This home's own bill implies $3.596 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Sparta sale · assessed ÷ market
37%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 |
|---|---|---|---|---|
| 219 STANHOPE RD | 2025-05 | $670,000 | 2,106 | 44.9% |
| 217 GREEN RD | 2025-09 | $685,000 | 1,920 | 44.4% |
| 461 MAIN ST | 2025-10 | $450,000 | 1,674 | 61.0% |
| 14 ROGERS LN | 2025-04 | $775,000 | 2,049 | 51.5% |
| 60 SUNSET LAKE RD | 2025-09 | $579,000 | 2,084 | 55.1% |
| 25 GRAPHIC BLVD | 2025-11 | $720,000 | 2,290 | 50.4% |
| 46 GLENSIDE TRL | 2026-04 | $370,000 | 1,943 | 71.0% |
| 203 STANHOPE RD | 2025-08 | $995,000 | 2,602 | 36.6% |
| 100 HILLTOP TRL | 2025-07 | $751,000 | 1,709 | 34.4% |
| 559 WEST MOUNTAIN RD | 2025-02 | $519,000 | 2,104 | 57.7% |
| 329 GLEN RD | 2025-10 | $668,000 | 2,317 | 51.8% |
| 32 SENECA TRL | 2026-05 | $627,690 | 2,380 | 57.7% |
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