Assessment Information

Properties are assessed by the Borough Tax Assessor. Franklin Lakes maintains minimum lot sizes of one to three acres in most zones, preserving the borough's spacious character.

Recent Trends

Franklin Lakes continues to see strong demand from families seeking top schools and generous lot sizes. Teardowns of older homes and rebuilds with modern luxury homes are common. The market remains competitive with limited inventory.

Neighborhood Notes

• ●Shadow Lake area features waterfront homes along the private lake community
• ●High Mountain section offers elevated properties with panoramic views of the Ramapo Mountains
• ●Franklin Avenue corridor has newer construction and estate homes on 2+ acre lots
• ●Urban Lane / Crystal Lake area provides a more accessible entry point to the borough