The Fair Share Report
22 Spring Ave
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 $342,060 – $614,813, 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 $466,542 home should be assessed near $279,085.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,685 below what the ratio math suggests (42.9%).
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
20%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Sparta pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 SHELLEY CT | 2026-05 | $625,000 | 1,438 | 44.0% |
| 9 VALLEY VIEW TRL | 2025-11 | $540,000 | 1,459 | 54.0% |
| 99 SUMMIT RD | 2025-06 | $705,000 | 1,392 | 38.9% |
| 16 WOODLAND TRL | 2026-04 | $550,000 | 1,608 | 46.9% |
| 16 WOODLAND TRL | 2025-01 | $425,000 | 1,608 | 60.7% |
| 35 LAKE TER | 2026-04 | $618,000 | 1,264 | 55.4% |
| 6 SUMMIT TER | 2025-03 | $300,000 | 1,440 | 90.6% |
| 16 MAIN ST UNIT D7 | 2026-03 | $360,000 | 1,415 | 57.9% |
| 8 TYLER ST | 2025-09 | $560,000 | 1,212 | 47.7% |
| 36 BRIDLE WAY | 2026-03 | $430,000 | 1,677 | 52.0% |
| 6 MARGARET TER | 2025-11 | $422,000 | — | 49.0% |
| 13 WALLKILL RD | 2025-10 | $560,000 | 1,362 | 46.9% |
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