Boonton, NJ — income, home value, property tax, and sales tax.
In Boonton's 07005 ZIP code, homes carry a median value of $587,100, and the county-level effective property tax rate of 1.72% translates into a substantial annual bill. Households earning a median of $132,629 can absorb that cost, though property taxes alone would claim a meaningful share of income. Per-capita income sits at $65,082. A combined sales tax rate of 6.62% adds to everyday expenses. Buyers weighing a move here should factor the tax bill into their monthly housing math, since the gap between home prices and what residents earn shapes how far a paycheck stretches.
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