Viewing a single comment thread. View all comments

bodhipooh t1_jdi4ooh wrote

There is absolutely no way that #1 spot includes property taxes from NYC, as those are ridiculously low. That's probably just Newark-Jersey City properties being included.

6

ashlandbus t1_jdi9avb wrote

I bet they are - which is why it the median is only ~$9k.

A $725k home in NYC would probably be around $5k/yr for taxes, while a $725k home in much of Northern NJ would be closer to $15k-$20k.

6

bodhipooh t1_jdj7dyw wrote

Goog point. It should be even higher if it excludes NYC. I have friends in Brooklyn paying effective rates that's are closer to HALF of a percentage point.

3

GeorgeWBush2016 t1_jdioczk wrote

its for the entire nyc-newark-jersey city MSA

https://censusreporter.org/profiles/31000US35620-new-york-newark-jersey-city-ny-nj-pa-metro-area/

1

bodhipooh t1_jdj5zte wrote

In that case, an entirely useless statistic given the size and density. That area would encompass ~6% of the US population. I misread the infographic and thought they were adding the MSA solely as a location reference. Of course, your interpretation is much more likely to be the correct one.

3