Ithaca, NY — income, home value, property tax, and sales tax.
In ZIP code 14853, part of the Ithaca area, per-capita income stands at just $3,201, a figure shaped heavily by the student population attending the local university. County property taxes are levied at an effective rate of 2.24%, so a home's assessed value translates into a yearly bill that can dwarf what a resident here earns individually. Combined with an 8.00% sales tax on purchases, everyday costs add up quickly. For anyone buying property near Ithaca, weighing the tax rate against actual household earnings matters far more than the sticker price alone.