ZIP Code 07403

ZIP code 07403, near Paterson, sits in the upper-middle-income range: median household income of $128,010 and per-capita income of $57,945 place it well above statewide norms. Home values run high as well, with a median of $431,600. That carries a real tax weight — the county-level effective property tax rate of 2.18% means a home at that median value generates roughly $9,400 in annual property taxes. Sales tax adds 6.62% on purchases. Households here earn enough to absorb those costs, but the property tax load is substantial rather than incidental.