The Fair Share Report
40 Summit 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 $510,030 – $721,797, from 12 comparable Sparta sales in the past 18 months, at this home's 2,028 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 $559,191 home should be assessed near $334,508.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,392 above what the ratio math suggests (2.8%).
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%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 |
|---|---|---|---|---|
| 72 CASTLEWOOD TRL | 2025-12 | $455,000 | 2,118 | 56.7% |
| 135 ALPINE TRL | 2025-10 | $780,000 | 2,039 | 55.8% |
| 583 WEST SHORE TRL | 2026-04 | $725,000 | 2,037 | 43.2% |
| 583 WEST SHORE TRL | 2025-09 | $400,000 | 2,037 | 78.2% |
| 44 STANHOPE RD | 2025-07 | $505,000 | 2,008 | 53.5% |
| 53 SUNSET LAKE RD | 2025-10 | $600,000 | 2,176 | 50.5% |
| 55 FOX TRAIL RD | 2025-12 | $603,000 | 1,896 | 45.9% |
| 37 GREEN APPLE RD | 2025-05 | $630,000 | 2,076 | 48.0% |
| 343 SPRINGBROOK TR | 2025-01 | $485,000 | 2,258 | 54.6% |
| 203 ALPINE TRL | 2025-04 | $750,000 | 2,058 | 44.4% |
| 45 HICKORY TRL | 2025-09 | $780,000 | 2,072 | 53.0% |
| 14 WHIPPOORWILL LN | 2025-02 | $600,000 | 2,080 | 47.8% |
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