The Fair Share Report
363 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.
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Step 1 · Market value
Likely range $868,496 – $1,970,577, from 12 comparable Sparta sales in the past 18 months, at this home's 2,804 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 $1,602,858 home should be assessed near $958,830.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $593,030 below what the ratio math suggests (61.8%).
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
13%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 |
|---|---|---|---|---|
| 26 PARK RD | 2025-08 | $640,000 | — | 52.4% |
| 36 ISLAND TRL | 2025-07 | $1,600,000 | 2,799 | 65.5% |
| 33 RAINBOW TRL | 2025-10 | $1,750,000 | 2,923 | 46.0% |
| 25 ISLAND TRL | 2025-04 | $3,300,000 | 2,955 | 40.6% |
| 271 WEST SHORE TRL | 2025-04 | $999,000 | 2,646 | 54.3% |
| 34 EAST SHORE TRL | 2025-07 | $1,750,000 | 2,587 | 38.3% |
| 29 WINDY BUSH LN | 2025-09 | $550,000 | 2,853 | 66.0% |
| 72 EAST SHORE TRL | 2025-09 | $1,999,000 | 2,716 | 31.5% |
| 10 SOUTH SHORE TRL | 2025-06 | $680,000 | 2,318 | 45.1% |
| 42 SOUTH SHORE TRL | 2025-08 | $700,000 | 2,260 | 50.3% |
| 32 ISLAND TRL | 2025-06 | $1,875,000 | 2,668 | 65.8% |
| 22 MAPLE PKWY | 2026-06 | $2,135,000 | 2,287 | 34.6% |
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