The Fair Share Report
50 Ely Ln
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 $162,611 – $289,222, from 9 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 $245,974 home should be assessed near $147,142.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,742 below what the ratio math suggests (42.0%).
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
24%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 |
|---|---|---|---|---|
| 10 MILL CREEK RD | 2025-03 | $827,500 | — | 49.2% |
| 17 LAMBERT DR | 2025-10 | $870,000 | — | 54.6% |
| 599 GLEN RD | 2025-06 | $390,000 | 871 | 52.8% |
| 146 HILLSIDE RD | 2026-01 | $460,000 | 750 | 44.5% |
| 146 HILLSIDE RD | 2025-04 | $390,000 | 750 | 52.5% |
| 29 OAK TREE LN | 2026-06 | $375,000 | 720 | 36.1% |
| 29 OAK TREE LN | 2025-04 | $232,000 | 720 | 58.3% |
| 269 SPRINGBROOK TR | 2025-10 | $170,000 | 680 | 107.8% |
| 69 CARRIAGE LN | 2025-01 | $318,000 | 702 | 48.0% |
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