ZIP Code 07940

Households in ZIP code 07940, near Boonton, report a median income of $172,708, with per-capita income at $87,285. Homes here carry a median value of $940,900, and the county-level property tax rate of 1.72% translates into a substantial annual bill on that value. Sales tax adds 6.62% at the register. Together, these figures describe an area where earnings run high, but so does the cost of owning property, making the property tax line the heaviest recurring expense for anyone buying at the median price point.