ZIP Code 11205

In Brooklyn's 11205, homes carry a median value of $917,400, and the county-level property tax rate of 0.70% works out to roughly $6,422 a year on such a home. With median household income at $93,887 and per-capita income at $50,890, that tax equals about 6.8% of a typical household's earnings. The 8.88% combined sales tax adds further cost to daily purchases. High property values paired with moderate incomes mean owning here demands a substantial share of earnings, even though the effective rate itself stays below one percent.