The Fair Share Report
42 Farmbrook 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 $776,887 – $913,208, 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 $872,381 home should be assessed near $521,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,958 below what the ratio math suggests (2.7%).
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 |
|---|---|---|---|---|
| 36 WESTBURY DR | 2026-05 | $875,000 | 3,341 | 56.2% |
| 200 SAWMILL RD | 2025-05 | $740,000 | 3,326 | 56.8% |
| 9 KING ALEX CT | 2025-07 | $830,000 | 3,278 | 59.3% |
| 77 WESTGATE DR | 2025-07 | $890,000 | 3,268 | 59.0% |
| 77 WESTGATE DR | 2025-02 | $860,000 | 3,268 | 61.0% |
| 33 BEL AIR DR | 2025-09 | $830,000 | 3,432 | 52.4% |
| 47 DEIRE DR | 2026-06 | $825,000 | 3,474 | 62.6% |
| 2 STARRETT CT | 2025-03 | $839,000 | 3,542 | 61.0% |
| 12 HAYWARD RD | 2025-08 | $807,500 | 3,244 | 50.7% |
| 26 HIDDEN GLEN DR | 2025-04 | $907,000 | 3,204 | 50.3% |
| 10 MT PLEASANT RD | 2026-04 | $915,000 | 3,167 | 47.9% |
| 4 LINDSAY LN | 2025-09 | $870,000 | 3,254 | 56.9% |
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