The Fair Share Report
357 E 30th St
Paterson, NJ 07504
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 $425,000 – $650,000, 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 $509,000 home should be assessed near $210,777.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $211,623 above what the ratio math suggests (100.4%).
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 $1.912 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
60%114%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (47.62%) — roughly $11,288/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 98 DUNDEE AVE | 2026-01 | $400,000 | — | 91.0% |
| 228 TEMPLE ST | 2026-01 | $425,000 | — | 84.1% |
| 118 12TH AVE | 2026-01 | $680,000 | — | 55.8% |
| 160 LAWRENCE PL | 2025-06 | $590,000 | — | 83.6% |
| 521 SUMMER ST | 2025-06 | $427,000 | — | 77.3% |
| 107 NORTH 4TH ST | 2025-05 | $650,000 | — | 93.1% |
| 217 WALNUT ST | 2025-05 | $480,000 | — | 83.4% |
| 21 GARFIELD AVE | 2025-05 | $293,000 | — | 100.2% |
| 82 KNICKERBOCKER AVE | 2025-05 | $550,000 | — | 93.7% |
| 163 LIBERTY ST | 2025-05 | $509,000 | — | 80.7% |
| 540 14TH AVE | 2025-05 | $510,000 | — | 95.4% |
| 188 ATLANTIC ST | 2025-05 | $425,000 | — | 87.3% |
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