Paterson, one of the country's earliest planned industrial cities, retains a manufacturing base along the Passaic River's Great Falls. Passaic County's property tax rate is among the highest in the nation, dominating the monthly payment at this price point.
Recommended for incomes above $125k/yr (28% DTI rule)
Paterson housing market
The 3.15% property tax rate reflects the county-level effective rate for Paterson and is used to calculate your monthly tax escrow above. This rate may differ from the statewide New Jersey average — county-level data produces more accurate monthly payment estimates for Paterson buyers. Many Paterson properties also carry HOA fees — the area average is approximately $50/month, which is not included in the calculator above.
Rate history
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