How much are property taxes in Franklin Center, NJ?
Homeowners in Franklin Center, NJ pay a median of $10,000 or more a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $10,000 or more.
Homes without a mortgage pay a median of $10,000 or more.
Figures last updated on .
- Median real estate taxes
- $10,000 or more
- With a mortgage
- $10,000 or more
- Without a mortgage
- $10,000 or more
Real estate taxes in Franklin Center against Somerset County, its state and the nation
| Franklin Center | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Median real estate taxes | $10,000 or more | $10,000 or more | $9,590 (±$25) | $3,119 |
| Homes with a mortgage | $10,000 or more | $10,000 or more | $9,741 (±$29) | $3,489 |
| Homes without a mortgage | $10,000 or more | $10,000 or more | $9,313 (±$48) | $2,576 |
| Median home value | $612,000 (±$23,497) | $552,100 (±$7,374) | $454,400 (±$1,150) | $332,700 |
How property taxes in Franklin Center have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $437,700 (±$24,411) | $612,000 (±$23,497) | +39.8% | Up after inflation |
| Median owner cost with a mortgage | $2,811 (±$161) | $3,367 (±$281) | +19.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Franklin Center
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Franklin Center | — | $10,000 or more | — |
| South Bound Brook Borough | 1.7 mi | $8,709 (±$168) | — |
| Weston | 1.8 mi | $9,793 (±$711) | — |
| Middlebush | 2.1 mi | $9,139 (±$1,593) | — |
| Bound Brook Borough | 2.5 mi | $9,303 (±$410) | — |
| Manville Borough | 2.6 mi | $8,589 (±$291) | — |
| Finderne | 2.7 mi | $7,148 (±$729) | — |
| Somerset | 2.7 mi | $8,224 (±$316) | — |
| Millstone Borough | 3.6 mi | $8,849 (±$164) | — |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Somerset County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 (tie) | Basking Ridge | $10,000 or more |
| 1 (tie) | Belle Mead | $10,000 or more |
| 1 (tie) | Blackwells Mills | $10,000 or more |
| 1 (tie) | Bridgewater Center | $10,000 or more |
| 1 (tie) | Franklin Center | $10,000 or more |
| 1 (tie) | Green Knoll | $10,000 or more |
| 1 (tie) | Liberty Corner | $10,000 or more |
| 1 (tie) | Lyons | $10,000 or more |
| 1 (tie) | Martinsville | $10,000 or more |
| 1 (tie) | Neshanic Station | $10,000 or more |
| 1 (tie) | Six Mile Run | $10,000 or more |
Showing 11 of 24 places in Somerset County, ranked from highest to lowest.
Franklin Center is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Franklin Township (Somerset County), whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Franklin Center
How much are property taxes in Franklin Center?
The median real estate tax paid by homeowners in Franklin Center, NJ is $10,000 or more a year (2020–2024 American Community Survey).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Franklin Center CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin Center CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Franklin Center CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin Center CDP, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Franklin Center CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Franklin Center CDP, New Jersey (place:24965, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Rent by bedrooms in Franklin Center
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- Income and affordability in Franklin Center
- Home values in Franklin Center
- Homeowner costs in Franklin Center
- Types of homes in Franklin Center
- Bedrooms in Franklin Center
- Age of homes in Franklin Center
- Heating fuel in Franklin Center
- Commute and cars in Franklin Center
- Population growth in Franklin Center
- How long people stay in Franklin Center
- Crowding and facilities in Franklin Center
- New Jersey landlord and tenant rules
- Housing across Somerset County
- New Jersey places ranked by property taxes
- Housing data for every place in New Jersey