ZIP Code 07081

In ZIP code 07081, near Elizabeth, homes carry a median value of $636,600, and the county-level effective property tax rate of 1.89% translates into a substantial annual bill of roughly $12,000. Households here earn a median of $155,906, while per-capita income sits at $71,395, so property taxes claim a meaningful share of earnings even at these income levels. Combined with a 6.62% sales tax, the overall cost of living adds up. Buyers weighing a move should factor the tax bill directly into what they can carry each year.