Paterson, NJ — income, home value, property tax, and sales tax.
In ZIP code 07421, near Paterson, homes carry a median value of $420,000, and the county-level effective property tax rate of 2.18% translates into roughly $9,156 in annual taxes on such a home. With median household income at $129,800, that levy equals about 7.1% of a typical household's yearly earnings. Per-capita income stands at $70,774, so the tax load weighs more heavily on individual earners than on households as a whole. Sales taxes add 6.62% at the register, trimming disposable income further. Together, these figures show how property taxes shape what buyers here can genuinely afford.
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