Franklin Lakes, New Jersey — Tax Burden
What is the tax burden in Franklin Lakes, New Jersey?
Franklin Lakes, New Jersey has a total tax burden of 12.40%, ranking #1797 nationally. Property tax rate: 0.88%, state income tax: 5.332%, sales tax: 6.63%. Median household income is $204,917.
Source: US Census ACS, 2022
Ranked #1797 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.40%
Rank: 1797th nationally
Property Tax Rate
0.88%
Rank: 3916th nationally
Income Tax Rate
5.332%
New Jersey state rate
Sales Tax Rate
6.63%
State + local combined
Tax Burden Breakdown
Property (39%)Income (43%)Sales (18%)
Median Income: $204,917
Median Home Value: $1,135,700
Median Property Tax: $10,001/yr
Population: 11,007