ZIP Code 07021

In ZIP code 07021, near Newark, homes carry a median value of $1,083,000, and the county-level effective property tax rate of 1.91% translates into a substantial annual bill. Households here report a median income of $250,001, with per-capita income at $114,165, so earnings run high enough to absorb that levy without straining most budgets. Sales tax stands at 6.62% on purchases. The combination of steep home prices and a nearly two-percent tax rate means buyers should expect property taxes to shape their monthly costs considerably more than the sales tax ever will.