Penns Grove had the fourth-highest property tax rate in New Jersey, with an equalized rate of 5.556% in 2020, compared to 3.476% in Salem County and a statewide average of 2.279%.[22]
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The borough had the 20th-highest property tax rate in New Jersey with an equalized rate of 4.442% in 2020, compared to 3.470% in the county as a whole and a statewide average of 2.279%.[20]
Elk Township was formed as a township by an act of the New Jersey Legislature on April 17, 1891, from portions of Clayton Township, Glassboro Township and South Harrison Township.[19] The township was named for elk hunted in the area.[20]
Harrington Park was formed on March 29, 1904, from portions of Harrington Township and Washington Township, and parts of the borough of Closter.[21][22]
Delanco was named for the Delaware River and Rancocas Creek, which border the community. It was originally called Del-Ranco or Delaranco, a syllabic abbreviation later shortened to Delanco.[21][22]
Highlands was incorporated as a borough by an act of the New Jersey Legislature on March 22, 1900, from parts of Middletown Township. Additional parts of Middletown Township were annexed in 1914.[22]
The Borough of Neptune City was incorporated on October 4, 1881, based on a referendum held on March 19, 1881. The boundaries included all of present-day Neptune City, along with what is now Avon-by-the-Sea and the southern portion of Bradley Beach. On March 23, 1900, a bill approved in the New Jersey Legislature created the Borough of Avon-by-the-Sea. On March 13, 1907, the eastern portion of Neptune City was annexed to the Borough of Bradley Beach.[21] The borough was named for Neptune, the Roman water deity, and its location on the Atlantic Ocean.[22][23]
Commercial Township was incorporated as a township by an act of the New Jersey Legislature on February 27, 1874, from portions of Downe Township.[19] The township was named for its shellfish industry.[20]
The borough of Spring Lake Heights was formed by an act of the New Jersey Legislature on March 19, 1927, from portions of Wall Township, based on the results of a referendum held on May 3, 1927.[21] The borough was named for Spring Lake, which was named for a clear spring-fed lake.[22][23][24]
Franklin, known as the “Fluorescent Mineral Capital of the World,”[22] is located over a rich ore body containing more than 150 minerals, many of them fluorescent and 25 of which are found nowhere else on earth. Settled in the 17th century, the village known as Franklin Furnace after Benjamin Franklin,[23][24][25] developed near iron mines and iron smelting operations located along the Wallkill River. In the early 19th century, zinc deposits in the area began to be developed commercially. For most of the century many small companies mined zinc and iron in the Franklin area. In 1897 all zinc mining efforts merged into the New Jersey Zinc Company, which was a major controlling factor in the development of Franklin. Immigrants from Russia, Britain, Hungary and Poland joined the work force at the mine. The population, 500 in 1897, had swelled to 3,000 by 1913. On March 18, 1913, the Borough of Franklin was incorporated from portions of Hardyston Township, based on the results of a referendum held on April 23, 1913.[26]