Brooklyn, NY — income, home value, property tax, and sales tax.
In Brooklyn's 11233, homes carry a median value of $990,400, yet the county-level effective property tax rate sits at 0.70%, yielding an annual bill near $6,933. With median household income at $62,411 and per-capita income of $36,691, that levy consumes roughly eleven cents of every household dollar earned. The gap between soaring home values and stagnant earnings shapes daily life here, and the 8.88% combined sales tax adds further strain on strained paychecks. Ownership demands far more income than many local households command.
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