ZIP Code 07461

In ZIP code 07461, near Franklin, homes carry a median value of $370,000, and the county-level effective property tax rate of 2.32% translates to roughly $8,584 in annual taxes on a home at that price. With median household income at $106,981, that bill equals about 8% of yearly earnings, while per-capita income sits at $48,057. A combined sales tax rate of 6.62% adds further cost to everyday purchases. Buyers weighing a move here should factor both the property tax load and the sales tax into their overall housing costs.