Brooklyn, NY — income, home value, property tax, and sales tax.
In ZIP 11225, which covers part of Brooklyn, homes carry a median value of $1,217,400, and the county's 0.70% effective property tax rate works out to roughly $8,500 a year on such a home. Households here earn a median of $88,568, while per-capita income is $50,604, so property taxes alone would absorb a sizable share of earnings. The combined sales tax rate of 8.88% adds further cost to daily purchases. High home values paired with a low rate still produce a heavy annual bill relative to local incomes.
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