Franklin, NJ — income, home value, property tax, and sales tax.
In ZIP code 07422, near Franklin, households bring in a median of $108,722 a year, with per-capita income at $62,814. That earnings level shapes how far a paycheck stretches: a median home valued at $295,000 carries a county property tax rate of 2.32%, and purchases face a combined sales tax of 6.62%. Together these rates draw on income at every turn, from the closing papers to the checkout line. Even so, the gap between the area's household earnings and its per-person figure hints at a mix of larger and smaller homes, and the resulting tax obligations remain part of ordinary planning here.
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