Brooklyn, NY — income, home value, property tax, and sales tax.
In Brooklyn's 11237, homes carry a median value of $1,084,600, and the county's 0.70% effective property tax rate translates into roughly $7,592 in annual levy on such a home. Households here earn a median of $85,196, so that tax bill alone would absorb about nine percent of a typical year's income — a real squeeze given the price of entry. Per-capita income sits at $42,825. Sales tax adds 8.88% to most purchases, trimming what's left after housing costs.
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