Westchester has highest property taxes in U.S.

New York /
Oct.October 05, 2010 01:30 PM

Westchester

With a median property tax bill of $8,404, residents in Westchester County pay more in property taxes than do people in any other major American county, according to a new analysis of census data from the Tax Foundation, the New York Times reported. The numbers are based on an average of real estate taxes paid on owner-occupied housing from 2006 to 2008. Adjusting for the median cost of owner-occupied homes in each county, Orleans County, N.Y., had the highest property tax burden, with a median tax obligation of $2,506, or 3.04 percent of the home value, while in Westchester County, the median tax level was just 1.44 percent of the county’s median house value. Comparing property taxes by their size relative to median household income, the residents of Passaic County, N.J., are most burdened, with a median real estate tax bill of $7,095, or 8.34 percent of the median household income. New York and New Jersey together accounted for all of the top 10 highest median property tax burdens, whether calculated by median property tax dollars paid, or as median taxes as a percent of median home value, or as median taxes as a percent of median income. [NYT]

 

Related Articles

arrow_forward_ios
Non-New York residents who worked remotely last year will still have to pay New York taxes. (iStock)
NY tax officials crack down on remote workers
NY tax officials crack down on remote workers
Andrew Yang (Getty, iStock)
Yang targets vacant lots with $900 million tax plan
Yang targets vacant lots with $900 million tax plan
Donald Trump and 40 Wall Street (iStock, Sterlfilms/Wikimedia)
40 Wall’s valuation chop means tax savings for Trump Org
40 Wall’s valuation chop means tax savings for Trump Org
(Getty)
San Francisco’s tax base to decline for first time in 25 years
San Francisco’s tax base to decline for first time in 25 years
U.S. Representatives Tom Suozzi, Alexandria Ocasio-Cortez and Jerrold Nadler. (Getty)
SALT is crisis for Democrats, not for real estate
SALT is crisis for Democrats, not for real estate
President Joe Biden (Getty, Education Next)
Biden administration considers Opportunity Zone overhaul
Biden administration considers Opportunity Zone overhaul
Clockwise from left: New York Rep. Nydia Velázquez, Ritchie Torres, Jerrold Nadler, Hakeem Jeffries and Tom Suozzi (Getty)
NY Dems lay out ultimatum on SALT repeal
NY Dems lay out ultimatum on SALT repeal
The effective rate was 1.1 percent, on average, in 2020, down from 1.14 percent in 2019. (iStock)
Homeowners’ property taxes grew twice as fast last year
Homeowners’ property taxes grew twice as fast last year
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...