The Fair Share Report
22 Ely 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 $506,488 – $619,609, 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 $569,150 home should be assessed near $340,466.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,766 below what the ratio math suggests (7.6%).
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 |
|---|---|---|---|---|
| 701 WEST MOUNTAIN RD | 2025-01 | $620,000 | 1,812 | 57.0% |
| 14 ROGERS LN | 2025-04 | $775,000 | 2,049 | 51.5% |
| 559 WEST MOUNTAIN RD | 2025-02 | $519,000 | 2,104 | 57.7% |
| 25 GRAPHIC BLVD | 2025-11 | $720,000 | 2,290 | 50.4% |
| 22 HAYWARD RD | 2025-06 | $700,000 | 1,651 | 45.2% |
| 461 MAIN ST | 2025-10 | $450,000 | 1,674 | 61.0% |
| 243 ANDOVER RD | 2025-09 | $490,000 | 1,638 | 54.2% |
| 329 GLEN RD | 2025-10 | $668,000 | 2,317 | 51.8% |
| 219 STANHOPE RD | 2025-05 | $670,000 | 2,106 | 44.9% |
| 217 GREEN RD | 2025-09 | $685,000 | 1,920 | 44.4% |
| 30 HEATHER LN | 2025-07 | $810,000 | 2,426 | 50.0% |
| 33 PINKNEYVILLE RD | 2026-06 | $645,500 | 1,916 | 45.6% |
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