New York, NY — income, home value, property tax, and sales tax.
In ZIP code 10173, part of New York, the county-level effective property tax rate sits at 0.92%. That rate applies to whatever a home is worth, so the actual tax bill rises or falls with local property values rather than staying fixed. Combined with a sales tax of 4.38%, the overall cost of living here reflects both ongoing purchase taxes and a yearly property levy tied to real estate prices. How comfortably a household absorbs that property tax depends on what it earns relative to the value of its home, since a higher income against a given assessment eases the annual obligation.