The Fair Share Report
32 Summit Rd
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 $537,973 – $841,238, 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 $579,722 home should be assessed near $346,790.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,490 below what the ratio math suggests (3.3%).
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
34%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 |
|---|---|---|---|---|
| 245 EAST SHORE TRL | 2026-01 | $515,000 | 2,084 | 58.1% |
| 38 WHIPPOORWILL LN | 2025-05 | $506,000 | 2,316 | 62.6% |
| 12 MARGARET TER | 2026-05 | $480,000 | 2,122 | 42.2% |
| 203 ALPINE TRL | 2025-04 | $750,000 | 2,058 | 44.4% |
| 1 POWDER HORN GREEN | 2025-01 | $850,000 | 2,218 | 60.3% |
| 55 VALLEY VIEW TRL | 2025-08 | $600,000 | 1,970 | 48.3% |
| 44 SAGAMORE TRL | 2025-03 | $535,000 | 1,986 | 51.0% |
| 36 TYLER ST | 2025-11 | $615,000 | 2,336 | 52.9% |
| 8 ST MARYS PL | 2026-01 | $550,000 | 2,221 | 52.6% |
| 26 TENNIS TER | 2025-09 | $585,000 | 2,182 | 52.0% |
| 126 HILLTOP TRL | 2025-12 | $535,000 | 2,062 | 52.3% |
| 44 HILLSIDE RD | 2025-07 | $488,000 | — | 51.1% |
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