The Fair Share Report
34 Farmbrook 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 $796,932 – $911,529, from 12 comparable Sparta sales in the past 18 months, at this home's 3,220 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 $860,910 home should be assessed near $514,996.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,896 below what the ratio math suggests (9.1%).
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 |
|---|---|---|---|---|
| 12 HAYWARD RD | 2025-08 | $807,500 | 3,244 | 50.7% |
| 49 HIDDEN GLEN DR | 2025-10 | $890,000 | 3,222 | 48.2% |
| 5 PHEASANT WALK | 2026-05 | $975,000 | 3,361 | 49.4% |
| 26 HIDDEN GLEN DR | 2025-04 | $907,000 | 3,204 | 50.3% |
| 2 MALIBU DR | 2025-08 | $825,000 | 3,390 | 61.9% |
| 4 LINDSAY LN | 2025-09 | $870,000 | 3,254 | 56.9% |
| 6 MALIBU DR | 2026-03 | $930,000 | 3,545 | 48.5% |
| 3 FAITHANN WAY | 2026-05 | $990,000 | 3,174 | 52.2% |
| 43 RICHMOND HILL DR | 2025-09 | $889,000 | 3,592 | 53.3% |
| 10 LINKS CT | 2025-08 | $910,000 | 2,914 | 49.9% |
| 10 MILL CREEK RD | 2025-03 | $827,500 | — | 49.2% |
| 17 LAMBERT DR | 2025-10 | $870,000 | — | 54.6% |
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