Property Taxes

Posted by Dil Gillani on Saturday, July 23rd, 2016 at 4:58pm

     Many people are concerned with the price of property taxes. The median property taxes in New York are $4,478. A recent SIlive article states that a Wallethub study ranks New York as the state with the 11th highest property taxes in the country. "New York ranked 41st overall in terms of real-estate taxes, with one of the highest effective real-estate tax rates at 1.58 percent. In terms of the state's median home value ($284,000), the annual property taxes due would be $4,478" said Jill Gonzalez, from Wallethub.

Claire Bisignano Chesnoff, broker/owner of the New Dorp-based Claire Properties, and president of the Staten Island Board of Realtors, said Staten Island is the best option when it comes to property tax throughout the boroughs. "Property taxes for a house on Staten Island might be $5,000 when the same house in Long Island would have property taxes of $15,000"  

To read the full article, click here.

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