Sparta, Morris County, New Jersey Property Taxes

Name: Property Tax Bills Across Sparta, Morris County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sparta, NJ effective property tax rate: 2.79%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Sparta, NJ home value: $553,550
Median annual Sparta, NJ tax bill: $15,466, $13,066 higher than the national median property tax bill of $2,400.

How are property taxes in Morris County calculated?

Property taxes in Sparta, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Sparta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sparta, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sparta, Morris County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.79%

Estimate Property Tax Bill

$15,444

$14,332

Ownwell’s Sparta Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sparta with just two data points. By entering your property's estimated assessed value, our calculator applies Sparta’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Morris County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sparta, Morris County, New Jersey

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Sparta’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. With a median property tax rate of 2.79%, Morris County, where Sparta is located, significantly exceeds the national median property tax rate of 1.02%. This difference highlights the higher property tax burden that residents in Sparta may experience compared to the national average. Understanding these variations can help property owners in Sparta make informed decisions about their property tax obligations and explore potential savings opportunities.

Property Tax Rates Across Sparta, Morris County, New Jersey

Source: Ownwell

1.11%

2.23%

3.36%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Sparta Tax Rate

2.79%

Median Effective Morris County Tax Rate

2.63%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sparta, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07871	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sparta, Morris County, New Jersey

When examining property taxes in Sparta, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Morris County Board of Taxation estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Morris County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Sparta. For example, the median home price in Sparta is $553,550, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Sparta, Morris County, New Jersey

Source: Ownwell

$215,900

$831,650

$1,447,400

Median Sparta Market Value

$553,550

Median Morris County Market Value

$381,800

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sparta, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07871	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sparta, Morris County, New Jersey

In Sparta, located in Morris County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in this area is $553,550, which significantly impacts the tax bill homeowners receive. With tax bills ranging from the 25th percentile at $15,207 to the 90th percentile at $15,881, Sparta's property taxes are considerably higher than the national median property tax bill of $2,400. This high tax burden can be challenging for homeowners, especially when compared to the national median property tax rate of 1.02%.

Several factors influence the property tax bill, including the home's assessed value and the local tax rate set by the county. Homeowners in Sparta can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell offers expert property tax appeal services, helping homeowners navigate the complex appeal process. By leveraging Ownwell's expertise, homeowners can potentially reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Sparta, Morris County, New Jersey

Source: Ownwell

$5,771

$14,730

$23,689

Median Sparta Tax Bill

$15,466

Median Morris County Tax Bill

$9,778

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Sparta, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07871	N/A	N/A	N/A	N/A	N/A

Source: Ownwell