The Fair Share Report
362 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 $502,026 – $920,352, 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 $723,531 home should be assessed near $432,816.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $115,216 below what the ratio math suggests (26.6%).
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
29%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 |
|---|---|---|---|---|
| 46 GLENSIDE TRL | 2026-04 | $370,000 | 1,943 | 71.0% |
| 100 HILLTOP TRL | 2025-07 | $751,000 | 1,709 | 34.4% |
| 32 SENECA TRL | 2026-05 | $627,690 | 2,380 | 57.7% |
| 168 EAST SHORE TRL | 2025-04 | $1,525,000 | 1,936 | 38.9% |
| 45 HICKORY TRL | 2025-09 | $780,000 | 2,072 | 53.0% |
| 24 PINE CONE LN | 2025-05 | $576,000 | 2,120 | 55.0% |
| 217 GREEN RD | 2025-09 | $685,000 | 1,920 | 44.4% |
| 10 SOUTH SHORE TRL | 2025-06 | $680,000 | 2,318 | 45.1% |
| 36 ISLAND TRL | 2025-07 | $1,600,000 | 2,799 | 65.5% |
| 40 HILLSIDE RD | 2025-09 | $658,000 | 1,751 | 51.6% |
| 135 ALPINE TRL | 2025-10 | $780,000 | 2,039 | 55.8% |
| 68 FOX HOLLOW RD | 2025-12 | $760,000 | 2,372 | 51.2% |
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