The Fair Share Report
378 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 $452,004 – $538,771, from 12 comparable Sparta sales in the past 18 months, at this home's 2,000 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 $512,821 home should be assessed near $306,770.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,630 above what the ratio math suggests (3.8%).
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
39%76%
A touch high — worth watching
This home's ratio sits above most of Sparta, but doesn't clear NJ's legal appeal line (68.79%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 MARGARET TER | 2026-04 | $410,000 | 1,948 | 47.6% |
| 55 VALLEY VIEW TRL | 2025-08 | $600,000 | 1,970 | 48.3% |
| 103 VALLEY VIEW TR | 2025-12 | $600,000 | 1,974 | 48.3% |
| 6 MARGARET TER | 2025-11 | $422,000 | — | 49.0% |
| 42 CARRIAGE LN | 2025-08 | $428,500 | 1,896 | 53.1% |
| 149 SADDLEBACK CT | 2025-11 | $400,000 | 1,896 | 57.1% |
| 148 SADDLEBACK CT | 2025-01 | $470,000 | 1,896 | 50.5% |
| 12 MARGARET TER | 2026-05 | $480,000 | 2,122 | 42.2% |
| 43 MAPLE PKWY | 2025-09 | $525,000 | 1,998 | 56.2% |
| 2 CARRIAGE LN | 2026-01 | $399,000 | 1,794 | 57.4% |
| 126 HILLTOP TRL | 2025-12 | $535,000 | 2,062 | 52.3% |
| 8 CARDINAL DR | 2025-08 | $700,000 | — | 49.8% |
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