Jamaica, NY — income, home value, property tax, and sales tax.
In ZIP code 11365, near Jamaica, homes carry a median value of $922,200, and the county-level effective property tax rate of 0.87% works out to roughly $8,023 a year. With median household income at $81,258, that tax bill equals close to a tenth of annual earnings before mortgage costs even enter the picture. Per-capita income sits at $43,186, well below what such home prices might imply. Add the combined 8.88% sales tax on everyday purchases, and the gap between local earnings and the cost of owning here shapes daily financial decisions.
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