ZIP Code 07017

In ZIP code 07017, near Newark, homes carry a median value of $374,800 while the county's effective property tax rate sits at 1.91%. That combination produces an annual property tax bill well above what many households earning the median income of $58,853 can comfortably absorb. Per-capita income reaches $31,760, and the 6.62% combined sales tax adds further pressure on daily spending. The gap between home values and local earnings means ownership here demands a substantial share of income, and the tax rate compounds that strain rather than easing it.