Bergen County, New Jersey

Franklin Lakes, N.J. Property Tax Rate 2026

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

General tax rate
1.904

per $100 assessed

Effective tax rate
1.400

per $100 market value

Equalization ratio
73.53%

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 $367,647 → about $7,000/year
  • $750,000 market value → assessed about $551,471 → about $10,500/year

Check a Franklin Lakes address

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

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

Get Instant Price-Drop & New Listing Alerts in Franklin Lakes

Tell us when a Franklin Lakes home hits the market or drops in price. Free buyer alerts.

What's Your Franklin Lakes Home Worth in 2026?

Get a seller valuation for your Franklin Lakes home using recent sales and local tax data.

Questions about Franklin Lakes taxes

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

The official 2025 general tax rate in Franklin Lakes (Bergen County) is 1.904 per $100 of assessed value. The effective tax rate is 1.400 per $100 of market value.

What is the effective tax rate in Franklin Lakes?

Franklin Lakes's effective tax rate is 1.400. 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 Lakes?

Using the equalization ratio of 73.53%, a $500,000 market value is about $367,647 assessed. The approximate annual tax is $7,000, which is $500,000 times the effective rate of 1.400 per $100.

How do I appeal my Franklin Lakes property assessment?

Enter your Franklin Lakes 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.