The Fair Share Report
343 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $585,854 – $803,657, from 12 comparable Sparta sales in the past 18 months, at this home's 2,258 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 $617,498 home should be assessed near $369,387.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,787 below what the ratio math suggests (28.4%).
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
27%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Sparta pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 72 CASTLEWOOD TRL | 2025-12 | $455,000 | 2,118 | 56.7% |
| 36 TYLER ST | 2025-11 | $615,000 | 2,336 | 52.9% |
| 64 WARREN RD | 2025-04 | $622,000 | 2,304 | 50.2% |
| 1 POWDER HORN GREEN | 2025-01 | $850,000 | 2,218 | 60.3% |
| 583 WEST SHORE TRL | 2026-04 | $725,000 | 2,037 | 43.2% |
| 583 WEST SHORE TRL | 2025-09 | $400,000 | 2,037 | 78.2% |
| 53 SUNSET LAKE RD | 2025-10 | $600,000 | 2,176 | 50.5% |
| 14 W CHERRY TREE LN | 2026-05 | $635,000 | 2,322 | 41.3% |
| 8 ST MARYS PL | 2026-01 | $550,000 | 2,221 | 52.6% |
| 12 HERITAGE DR | 2025-06 | $760,000 | 2,412 | 44.4% |
| 203 ALPINE TRL | 2025-04 | $750,000 | 2,058 | 44.4% |
| 16 CAMBRIDGE DR | 2025-01 | $710,000 | 2,450 | 54.5% |
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