The Fair Share Report
241 Springbrook Tr
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 $517,299 – $758,740, from 12 comparable Sparta sales in the past 18 months, at this home's 2,408 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 $658,519 home should be assessed near $393,926.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,426 below what the ratio math suggests (14.6%).
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 |
|---|---|---|---|---|
| 16 CAMBRIDGE DR | 2025-01 | $710,000 | 2,450 | 54.5% |
| 64 WARREN RD | 2025-04 | $622,000 | 2,304 | 50.2% |
| 53 SUNSET LAKE RD | 2025-10 | $600,000 | 2,176 | 50.5% |
| 12 HERITAGE DR | 2025-06 | $760,000 | 2,412 | 44.4% |
| 2 HERITAGE DR | 2025-03 | $575,000 | 2,769 | 64.8% |
| 36 TYLER ST | 2025-11 | $615,000 | 2,336 | 52.9% |
| 11 VALLEY RD | 2025-06 | $779,400 | 2,451 | 48.5% |
| 68 FOX HOLLOW RD | 2025-12 | $760,000 | 2,372 | 51.2% |
| 24 ARAPAHO TRL | 2025-04 | $375,000 | 2,376 | 86.8% |
| 14 W CHERRY TREE LN | 2026-05 | $635,000 | 2,322 | 41.3% |
| 135 ALPINE TRL | 2025-10 | $780,000 | 2,039 | 55.8% |
| 343 SPRINGBROOK TR | 2025-01 | $485,000 | 2,258 | 54.6% |
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