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$82.3 MILLION IN IMPROVEMENTS
$82.3 MILLION IN IMPROVEMENTS
STATE PAYS $16.9 MILLION
STATE PAYS $16.9 MILLION
How much should I expect to pay?
How much should I expect to pay?
The owner of a home assessed at Sparta’s average will see a net tax increase of $28 per month, if voters approve the referendum.
This estimate:
Factors in $16.9 million in state aid that can come to Sparta through a voter-approved bond referendum.
Is based on a home assessed at the mathematical average in Sparta ($372,229).
This investment would be spread across all taxpayers for the 30-year bond term.
/// TAX IMPACT CALCULATOR
/// TAX IMPACT CALCULATOR
State aid would offset the local cost
State aid would offset the local cost
State aid is funded from all New Jersey taxpayers. It is available to public school districts that have voter approval of a bond referendum. If voters approve the September 16 referendum, the district will receive $16.9 million in state aid to help offset the local tax impact.
State aid is on the line. Only Sparta voters can decide.
Find your assessed value
Find your assessed value
Estimating the net tax impact of your home is based on a home's assessed value, which is determined by the municipality for tax purposes. This number is not the same as market value — it’s usually lower.
In Sparta, the average assessed value of a residential home is $372,229, and this figure is used to calculate the local tax impact of the proposed referendum.
Timing is key
Timing is key
If approved, Sparta residents would see the tax increase in the fall of 2026, which is when the district completes payment on the 1996 bond referendum that financed the middle school. The final payment on the bond to fund the high school expansion is scheduled for 2036.
The difference between the new debt and the expiring debt is referred to as net tax increase and is what residents can expect to see on their tax bills.
With existing debt set to retire, the owner of a home assessed at Sparta’s average of $372,229 would see an estimated net increase of $28 per month if the referendum is approved.
What tax relief is available for senior citizens and people with disabilities?
What tax relief is available for senior citizens and people with disabilities?
The State of New Jersey has several tax relief programs, including a new one called Stay NJ. As of the 2024 tax year, the state combined its varied applications into one streamlined process. The deadline to file is October 31, 2025.
The new program called “Stay NJ” reimburses up to half the property tax bill of eligible applicants. For 2024, the benefit is capped at $6,500.
The program known as the "Senior Freeze" holds property taxes at the rate that existed when the applicant became eligible for that program.
Stay NJ Eligibility
Approved applicants are reimbursed 50% of the property tax bill up to $13,000 (which makes the maximum benefit $6,500). You are eligible if:
You are 65 or older.
You owned and lived in your home for the full 12 months of 2024. (Mobile homeowners are not eligible.)
Your total annual income in 2024 was less than $500,000.
The Stay NJ benefit is calculated after benefits from any other property tax relief program.
Senior Freeze Eligibility
Once applicants are approved, their property tax payments are “frozen” at the current amount, and they will receive a rebate if taxes increase because of public school taxes or any other reason including local/county taxes. You are eligible if:
You are 65 or older,
OR have been receiving federal Social Security disability benefit payments since 2023.
You have owned and lived in your home since December 31, 2020. (Mobile homeowners are eligible.)
Your total annual income in 2024 was $168,268 or less.
More information about these programs is available from 800-882-6597 or
Questions? Visit the FAQs page.
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