Paterson, NJ — income, home value, property tax, and sales tax.
In ZIP code 07513, near Paterson, homes carry a median value of $423,500 while the county's effective property tax rate sits at 2.18%, producing an annual bill that can exceed $9,000 before any exemptions. With median household income at $68,630 and per-capita income of $23,935, that levy consumes a substantial share of what families bring in each year. A combined sales tax of 6.62% adds further cost to everyday purchases. The gap between home prices and local earnings shapes who can buy here and stay here.
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