Calculate using real Paterson data. Median home price: $370,000. Property tax rate: 2.72%.
The effective property tax rate in Paterson, NJ is 2.72%. On the median home value of $370,000, that equals approximately $10,064 per year.
At the 2.72% effective rate, a $370,000 home in Paterson, NJ would pay about $10,064 annually, or $839 per month.
The 2.72% rate in Paterson, NJ is above the national average of roughly 1.1%.