ZIP Code 07961

In ZIP code 07961, near Boonton, per-capita income stands at $7,982, so a home purchase here would weigh heavily against what residents bring in each year. The county-level effective property tax rate is 1.72%, meaning a $300,000 house would carry roughly $5,160 in annual taxes — about two-thirds of a single resident's yearly income. Combined with a 6.62% sales tax on everyday purchases, the squeeze is real. Ownership costs at these levels demand either substantially higher household earnings than the per-capita figure shows or a much lower-priced home.