Brooklyn, NY — income, home value, property tax, and sales tax.
In Brooklyn's 11217, median household income of $162,863 supports a housing market where the median home value reaches $1,636,500. The county's 0.70% effective property tax rate applies to that value, yielding an annual bill that consumes a meaningful share of earnings despite the rate itself sitting below many national figures. Per-capita income of $111,192 offers additional context on what households here can absorb. Adding an 8.88% combined sales tax on purchases further shapes day-to-day costs, so buyers weighing a move should consider how property taxes and sales taxes together affect the overall cost of living.
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