The Fair Share Report
654 E 33rd St
Paterson, NJ 07513
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 $380,857 – $603,797, 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 $499,188 home should be assessed near $206,714.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,386 above what the ratio math suggests (23.9%).
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 $0.737 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
37%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 |
|---|---|---|---|---|
| 258-260 12TH AVE | 2026-01 | $425,000 | 1,651 | 86.2% |
| 906-910 E 28TH ST | 2026-03 | $633,000 | 1,610 | 89.0% |
| 388 20TH AVE | 2026-04 | $570,000 | 1,600 | 86.3% |
| 264 LIBERTY ST | 2026-03 | $345,500 | 1,679 | 107.1% |
| 40-42 N 9TH ST | 2026-02 | $775,000 | — | 108.1% |
| 225 SUMMER ST | 2025-01 | $580,000 | — | 111.7% |
| 256-258 6TH AVE | 2026-01 | $480,000 | 1,576 | 85.7% |
| 632 MADISON AVE | 2026-02 | $340,000 | 1,720 | 76.5% |
| 599 E 25TH ST | 2026-01 | $490,000 | 1,740 | 84.3% |
| 239-241 LEXINGTON AVE | 2026-04 | $690,000 | 1,836 | 85.6% |
| 1 GRAHAM AVE | 2026-03 | $450,000 | 1,836 | 102.3% |
| 474 ELLISON ST | 2026-05 | $612,000 | 1,863 | 89.2% |
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