New York, NY — income, home value, property tax, and sales tax.
In ZIP code 10017, part of New York, homes carry a median value of $756,600, and the county-level effective property tax rate of 0.92% works out to roughly $6,960 a year on such a home. That bill lands against a median household income of $136,705 and per-capita income of $121,915, so property taxes absorb about five percent of a typical household's annual earnings. Sales tax adds 8.88% at checkout. High earnings here soften the bite of both taxes, though the steep home values keep absolute tax dollars large.
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