ZIP Code 07945

In ZIP code 07945, near Boonton, homes carry a median value of $931,100, and the county-level effective property tax rate of 1.72% translates into a substantial annual bill. Households here earn a median of $250,001, with per-capita income at $117,181, so the tax load lands on unusually high earnings. Combined with a 6.62% sales tax rate, ownership in this area demands considerable financial capacity. The relationship between steep home prices and the property levy shapes who can settle here, since even strong incomes must stretch to cover both a large mortgage and the recurring tax obligation.