The Fair Share Report
316 Springbrook Tr
Sparta, NJ 07871
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Sparta's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $336,064 – $422,450, from 12 comparable Sparta sales in the past 18 months, at this home's 1,011 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 $397,354 home should be assessed near $237,697.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,397 below what the ratio math suggests (9.0%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 LAKEVIEW RD | 2026-06 | $418,000 | 1,050 | 54.2% |
| 19 EAST SHORE TRL | 2025-08 | $604,000 | 962 | 34.7% |
| 12 AFTERGLOW RD | 2025-08 | $440,000 | — | 49.9% |
| 37 NORTH SHORE TRL | 2025-05 | $319,000 | 1,025 | 64.1% |
| 139 HILLTOP TRL | 2025-01 | $400,001 | 1,048 | 51.0% |
| 2 CHERRY TREE LN | 2026-06 | $359,000 | 1,080 | 46.3% |
| 54 HILLSIDE RD | 2026-04 | $465,000 | 986 | 45.3% |
| 5 LINCOLN DR | 2025-06 | $390,000 | 1,008 | 38.4% |
| 168 WEST SHORE TRL | 2025-08 | $485,000 | 1,234 | 47.3% |
| 136 SPRINGBROOK TR | 2025-03 | $485,000 | 1,128 | 53.6% |
| 190 WEST SHORE TRL | 2026-03 | $225,000 | 1,038 | 67.7% |
| 65 LAKE SHORE DR | 2025-07 | $420,000 | 1,296 | 58.0% |
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