New York, NY — income, home value, property tax, and sales tax.
ZIP code 10007, in lower Manhattan near New York, ranks among the wealthiest places in the country. Median household income exceeds $250,001, and per-capita income reaches $212,686. Homes here are extraordinarily valuable, with a median value above $2,000,001. Despite those prices, the county-level effective property tax rate is 0.92%, so even a multimillion-dollar assessment generates a property tax bill that stays proportionate to the area's means. The combined sales tax rate of 8.88% applies to purchases throughout the city. This is unmistakably an affluent enclave, where staggering income and real estate wealth coexist with tax rates that, while not trivial, sit comfortably against the resources available.
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