Franklin, NJ — income, home value, property tax, and sales tax.
In ZIP code 07821, near Franklin, the median home value sits at $431,500, and the county's 2.32% effective property tax rate translates to roughly $10,000 a year in taxes on a home at that price. Households earning the median of $141,860 would devote about 7% of that income to property taxes alone. Per-capita income is $62,510, and the combined sales tax rate is 6.62%. High earnings help offset the steep tax bill, but buyers should weigh the annual carrying cost carefully.
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