New York, NY — income, home value, property tax, and sales tax.
In ZIP code 10174, part of New York, homeowners face an effective property tax rate of 0.92% at the county level, while the combined sales tax rate sits at 4.38%. For a household earning a given income, the property tax bill scales with home value rather than earnings, so a higher-priced home takes a larger bite out of the annual budget even at that rate. Day-to-day spending carries the 4.38% sales tax on most purchases, adding up gradually across the year. Together, these two taxes shape how much of a paycheck stays available for housing, savings, and other expenses in this part of the city.