The Fair Share Report

320 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.

Step 1 · Market value

≈ $482,212

Likely range $477,440 – $624,361, from 12 comparable Sparta sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

59.82%

The state's official measure of how far Sparta assessments sit below market value — republished every October, applied town-wide. A $482,212 home should be assessed near $288,459.

Step 3 · Assessed value

$259,100

Set at the last town-wide revaluation and mostly frozen since. That's $29,359 below what the ratio math suggests (10.2%).

Step 4 · The tax rate — same for every Sparta home

$3.667 per $100 assessed

$2.362 Schools · 64% $0.624 County · 17% $0.681 Town · 19%

Step 5 · The bill

$9,504/yr
Public schools$6,122
Sussex County$1,617
Town of Sparta$1,765
Sparta average$13,693

This home vs. every recent Sparta sale · assessed ÷ market

Town median 52.4%
This home · 53.7%

36%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)

AddressSoldPriceSq ftRatio
66 CONESTOGA TRL2025-06$480,0001,54254.0%
509 GLEN RD2025-10$350,0001,53568.3%
21 SENECA TRL2025-12$459,9001,48753.0%
40 HILLSIDE RD2025-09$658,0001,75151.6%
172 ALPINE TRL2026-01$495,0001,58748.9%
23 BIRCH PKWY2025-07$540,0001,73955.2%
270 SPRINGBROOK TR2026-06$615,0001,57646.5%
26 PARK RD2025-08$640,00052.4%
3 HAYES LN2025-12$615,0001,34646.4%
35 SENECA TRL2026-03$390,0001,43058.5%
21 GLEN RD2025-01$415,0001,43053.1%
24 WEST WINDY BUSH LN2025-10$524,5001,55652.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →