The Fair Share Report
237 E 17th St
Paterson, NJ 07006
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $545,000 – $625,000, from 12 comparable Paterson sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Paterson assessments sit below market value — republished every October, applied town-wide. A $595,000 home should be assessed near $246,389.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,111 above what the ratio math suggests (5.3%).
Step 4 · The tax rate — same for every Paterson home
$1.307 Schools · 24% $1.048 County · 20% $2.980 Town · 56%
This home's own bill implies $1.922 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Paterson sale · assessed ÷ market
36%114%
Keep quiet and enjoy it
This home's assessment ratio sits below the Paterson pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 84-86 MADISON ST | 2025-01 | $749,000 | — | 98.9% |
| 474-476 E 26TH ST | 2025-03 | $595,000 | — | 97.7% |
| 922-924 E 26TH ST | 2026-02 | $600,000 | — | 116.2% |
| 541-543 E 25TH ST | 2026-01 | $550,000 | — | 77.5% |
| 1110 E 22ND ST | 2025-05 | $575,000 | — | 84.9% |
| 330-332 E 31ST ST | 2025-04 | $570,000 | — | 104.3% |
| 1097-1099 E 24TH ST | 2025-03 | $625,000 | — | 94.0% |
| 171-173 E 24TH ST | 2025-01 | $620,000 | — | 91.0% |
| 500-502 E 18TH ST | 2026-06 | $365,000 | 1,062 | 80.9% |
| 596 20TH AVE | 2025-01 | $602,000 | — | 113.9% |
| 256-258 TRENTON AVE | 2025-03 | $680,000 | — | 99.2% |
| 248-250 FULTON PL | 2025-01 | $350,000 | — | 129.9% |
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