ZIP Code 07871

Households in ZIP code 07871, centered on Franklin, earn a median of $167,654, with per-capita income at $75,262 — placing the area firmly in affluent territory. Homes carry a median value of $479,700, and the county-level effective property tax rate of 2.32% means owners pay a substantial share of that value annually in taxes. Add a combined sales tax of 6.62%, and the overall tax load runs high, consistent with a prosperous commuter community where strong incomes support both significant property values and the taxes tied to them.