Boonton, NJ — income, home value, property tax, and sales tax.
In ZIP code 07842, near Boonton, a household's earnings get stretched in two directions at once. Property taxes run at 1.72% of assessed value at the county level, so a home valued at $400,000 would draw roughly $6,880 a year — a recurring cost that shapes what a family can set aside elsewhere. Layered on top is a combined sales tax of 6.62%, which adds a little to everyday purchases from groceries to hardware. Together these rates mean earners here weigh housing costs and daily spending carefully, since take-home pay has to cover both without much slack.