The Fair Share Report
25 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 $480,439 – $814,752, from 12 comparable Sparta sales in the past 18 months, at this home's 2,566 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 $660,257 home should be assessed near $394,966.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,034 above what the ratio math suggests (13.4%).
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%99%
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 |
|---|---|---|---|---|
| 23 KROGHS LN | 2025-08 | $930,000 | 2,485 | 50.9% |
| 16 MAIN ST UNIT D6 | 2026-06 | $405,000 | 2,550 | 54.3% |
| 161 DEMAREST RD | 2025-03 | $650,000 | 2,464 | 58.9% |
| 558 WEST MOUNTAIN RD | 2025-06 | $716,000 | 2,682 | 55.0% |
| 25 GRANDVIEW TER | 2025-11 | $660,000 | 2,565 | 61.5% |
| 255 EAST MOUNTAIN RD | 2025-06 | $569,000 | 2,632 | 64.0% |
| 1 WHIPPOORWILL LN | 2025-05 | $380,000 | 2,574 | 86.9% |
| 30 HEATHER LN | 2025-07 | $810,000 | 2,426 | 50.0% |
| 3 MT PLEASANT RD | 2025-07 | $870,000 | 2,740 | 49.1% |
| 10 GRAPHIC BLVD | 2025-12 | $535,000 | 2,626 | 68.3% |
| 348 WEST MOUNTAIN RD | 2025-11 | $525,000 | 2,804 | 74.6% |
| 24 ARAPAHO TRL | 2025-04 | $375,000 | 2,376 | 86.8% |
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