ZIP Code 07701

In ZIP code 07701, near Millstone Township, homes carry a median value of $584,500, and the county's 1.65% effective property tax rate translates into a substantial annual bill on that amount. Households here earn a median of $112,143, with per-capita income at $69,759, so property taxes claim a meaningful share of earnings even at these income levels. Adding a 6.62% combined sales tax raises the overall cost of living further. Buyers weighing a purchase should account for how the tax rate compounds an already high home value relative to what local incomes can support.