Franklin Boro NJ property tax rate 2025: 2.515 after reassessment
Franklin Boro, Sussex County. 1,884 parcels in the MOD-IV 2026 file. Rate shown is tax year 2025 (latest available — not yet matched to assessment year).
2026 revaluation/reassessment town — 2026 general tax rate not in our warehouse yet. Showing 2025 rate against 2026 assessments; YoY % is withheld until the matching rate posts.
Franklin Boro at a glance
1,884 parcels are on the 2026 file. The 2025 general rate is 2.515, and the prior rate on file is 2.654 for 2024. A typical class 2 assessment is $345,347. Usable sales with a 2025 deed: 61, median $405,000. The state construction file lists 1,851 permits here. The median class 2 house was built in 1940. A property page adds that parcel’s permits, flood zone, mapped flood elevation, and high and low ground. Owner names are not shown.
How to read a Franklin Boro bill
Franklin Boro’s general rate of 2.515 is tax year 2025 on the 2026 assessment file. It is not a 2026 bill. The prior general rate on file is 2.654 for 2024. This municipality is on the 2026 reassessment list, so the rate move is the roll being reset. It is not, by itself, the change in the bill. School, county, and municipal shares of this rate are 52.8%, 16.8%, and 30.4%. The largest slice is schools. In Sussex County the middle school share for rate year 2025 is 63.6% in Andover Boro. Class 2 net assessments changed from $448,153,100 to $496,263,700, up 10.7%, on 1,417 parcels. Usable sales with a 2025 deed: median $405,000 (61 sales). The largest class share of net assessed value is Residential at 59.5%. State school aid is outside these bars.
Building permits in Franklin Boro
The New Jersey construction-permit file lists 1,851 permits in Franklin Boro. This file is a full record from 2021 on. Older permits are mostly missing. Work from before then can be missing here and still be at the Franklin Boro construction office.
2025 general tax rate in Franklin Boro: 2.515
This general rate is tax year 2025. The assessment file is 2026. It is not a 2026 bill.
In Sussex County, the median municipality’s school share (rate year 2025) is 63.6%; this town is 52.8%. The largest slice here is schools. State school aid is not in these bars — it reduces the school levy before the rate is struck. All Sussex towns · How NJ taxes work.
The school percent is the local property-tax levy. The district for this municipality is Franklin Boro (K-8 or K-6 local), FY2027 K–12 aid $5,003,891. The high school district is Wallkill Valley Regional, FY2027 K–12 aid $3,128,235. Those aid figures are not slices of these bars. Sussex district table.
Prior year (2024) general rate: 2.654.
Tax on a $200,000 or $500,000 sale in Franklin Boro
These figures use Franklin Boro’s own ratio and general rate. How the same sale price is calculated for every town. This is not an appraisal and not a collector bill.
2025
A $500,000 sale at the 2025 ratio of 97.72% would be assessed at about $488,600. At the general rate of 2.515, the estimated tax is $12,288. A $200,000 sale at that same ratio and rate would be assessed at about $195,440, with an estimated tax of $4,915.
In Sussex County for 2025, the $500,000 bill runs from $2,348 in Walpack Twp to $14,735 in Hamburg Boro. The middle bill is $11,044 in Wantage Twp. All Sussex towns.
See every New Jersey town on the same $200,000 and $500,000 sale for 2025.
Recent usable sales in Franklin Boro
These are the five newest usable deeds on the 2026 file for Franklin Boro. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded in town.
| Address | Deed date | Sale price | Net assessment |
|---|---|---|---|
| 285 WILDCAT RD | 12/29/2025 | $500,000 | $500,400 |
| 174-176 MAIN ST | 12/16/2025 | $500,000 | $606,800 |
| 45 BEN FRANKLIN DR | 12/8/2025 | $269,000 | $276,400 |
| 45 LIBERTY LN | 12/1/2025 | $287,500 | $254,000 |
| 439-445 RUTHERFORD AVE | 11/10/2025 | $480,000 | $441,800 |
Owner names are not shown. The rate year and the assessment file year differ, so this table does not print an estimated tax. This is not a collector’s bill.
Highest estimated tax in Franklin Boro: $24,255
Residential
The highest residential estimate in Franklin Boro is $24,255 at 156 CORK HILL RD, on a net assessment of $964,400 and a 2025 general rate of 2.515.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 156 CORK HILL RD | 2 — Residential (four families or less) | $964,400 | 2025 | $24,255 |
| 17 JOHN WILTON ST | 2 — Residential (four families or less) | $888,800 | 2025 | $22,353 |
| 41 WOODLAND RD | 2 — Residential (four families or less) | $879,600 | 2025 | $22,122 |
| 7 ESTELL DR | 2 — Residential (four families or less) | $876,900 | 2025 | $22,054 |
| 453 RT 23 | 2 — Residential (four families or less) | $853,800 | 2025 | $21,473 |
Business
The highest business estimate in Franklin Boro is $386,986 at 24 MUNSONHURST RD, on a net assessment of $15,387,100 and a 2025 general rate of 2.515.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 24 MUNSONHURST RD | 4B — Industrial | $15,387,100 | 2025 | $386,986 |
| 270 RT 23 | 4A — Commercial | $13,558,700 | 2025 | $341,001 |
| 230 RT 23 | 4A — Commercial | $13,000,000 | 2025 | $326,950 |
| 142-146 RT 23 | 4A — Commercial | $10,336,200 | 2025 | $259,955 |
| 75 MUNSONHURST RD | 4A — Commercial | $9,221,900 | 2025 | $231,931 |
Owner names are not shown. Every parcel in this town uses the same rate, so the highest tax is the highest assessment. Commercial and industrial parcels (class 4A and 4B) are the business list. Apartment buildings are class 4C and are not in that list. This is not a collector’s bill.
Ratable base in Franklin Boro, typical class 2 assessment $345,347
Class 2 residential in the MOD-IV file: 1,437 parcels, average net assessment $345,347.
How assessments changed
Class 2 residential net assessments changed from $448,153,100 to $496,263,700, up 10.7%, on 1,417 parcels that have both a prior net and a 2026 net. This is the reassessment roll. It is not the change in the tax bill.
Among 61 usable recorded sales whose latest deed on this file is in 2025, the median price is $405,000. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded that year.
Share of net assessed value by property class (MOD-IV). Not a school-quality rating.
| Class | Parcels | Net assessed | % of net |
|---|---|---|---|
| Residential 2 | 1,437 | $496,263,700 | 59.5% |
| Vacant land 1 | 229 | $108,263,600 | 13.0% |
| Commercial 4A | 129 | $166,891,500 | 20.0% |
| Industrial 4B | 12 | $31,160,100 | 3.7% |
| Apartment 4C | 19 | $25,040,200 | 3.0% |
| Farm (regular) 3A | 16 | $6,779,100 | 0.8% |
| Farm (qualified) 3B | 28 | $144,400 | 0.0% |
| Other / unclassified other | 14 | $60,000 | 0.0% |
Housing stock in Franklin Boro, median year built 1940
On the 2026 file, class 2 houses in Franklin Boro with a year built have a median year of 1940, about 86 years old. Of those 1,433 houses, the largest share was built Before 1940. This is the assessor’s year built. It is not a ranking of towns.
By parcel count, Residential 76.3%, Vacant land 12.2%, Commercial 6.8%, Farm (qualified) 1.5%, Apartment 1.0%, Farm (regular) 0.8%, Other / unclassified 0.7%, Industrial 0.6%. Those percentages are a count of parcels, not a share of tax dollars. The class table uses the tax-base share.
Year built
Assessor building line
Grouped from the assessor’s building abbreviation. One-family, two-family, and condo are the codes that read clearly. Other codes stay in their own group. This is not a bedroom count, and square feet are left off because most records do not include them.