Sussex County, New Jersey

Franklin Borough, N.J. Property Tax Rate 2026

Official 2025 Division of Taxation rates for Franklin Borough. The general rate is per $100 of assessed value. A sale price is not an assessed value.

General tax rate
2.515

per $100 assessed

Effective tax rate
2.566

per $100 market value

Equalization ratio
102.03%

assessed ÷ market, from the two rates

Example tax bills

Approximation using the effective rate. The general rate is applied to the equalized assessment, not the sticker price.

  • $500,000 market value → assessed about $510,139 → about $12,830/year
  • $750,000 market value → assessed about $765,209 → about $19,245/year

Check a Franklin Borough address

See the assessment, comps, and whether a Chapter 123 appeal is worth filing.

Franklin Borough market report · Homes for sale in Franklin Borough · All NJ tax rates

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Questions about Franklin Borough taxes

What is the property tax rate in Franklin Borough, NJ?

The official 2025 general tax rate in Franklin Borough (Sussex County) is 2.515 per $100 of assessed value. The effective tax rate is 2.566 per $100 of market value.

What is the effective tax rate in Franklin Borough?

Franklin Borough's effective tax rate is 2.566. That rate already converts market value into an approximate tax bill. The general rate applies only to assessed value.

How much is property tax on a $500,000 home in Franklin Borough?

Using the equalization ratio of 102.03%, a $500,000 market value is about $510,139 assessed. The approximate annual tax is $12,830, which is $500,000 times the effective rate of 2.566 per $100.

How do I appeal my Franklin Borough property assessment?

Enter your Franklin Borough address on this page. Garden State AI compares the assessment with recent sales under NJ Chapter 123 and, when the numbers support it, prepares the appeal packet.

Source: 2025 General Tax Rates, NJ Division of Taxation. Rates are not a legal opinion and do not include exemptions.