The Real Deal New York

The worst places to live if the tax bill passes

Brace yourselves, New Yorkers
By Business Insider | December 16, 2017 12:28PM

(Pexels; Pixabay)

(Pexels; Pixabay)

Here’s where you don’t want to be living if the final Republican tax bill passes; condolences to homeowners in New York, Long Island and Newark.

The list was compiled by Trulia based on metro areas with the highest concentration of homeowners who pay more than $10,000 in annual property taxes.

11. Houston, Texas

(Carol M. Highsmith)

Effective property tax rate for 2016: 1.7%
Household property tax bills above $10,000: 10.2%
Home value at which property tax bill exceeds $10,000: $583,371

10. Cambridge, Massachusetts

(Caroline Culler)

Effective property tax rate for 2016: 1.2%
Household property tax bills above $10,000: 10.8%
Home value at which property tax bill exceeds $10,000: $866,626

9. Austin, Texas

(Ed Schipul)

Effective property tax rate for 2016: 1.6%
Household property tax bills above $10,000: 11.4%
Home value at which property tax bill exceeds $10,000: $619,641

8. Chicago, Illinois

(Pixabay)

Effective property tax rate for 2016: 1.9%
Household property tax bills above $10,000: 11.8%
Home value at which property tax bill exceeds $10,000: $519,453

7. Boston, Massachusetts

(Matthias Rosenkranz)

Effective property tax rate for 2016: 1%
Household property tax bills above $10,000: 12.4%
Home value at which property tax bill exceeds $10,000: $988,190

6. San Jose, California

(Tim Wilson)

Effective property tax rate for 2016: 0.6%
Household property tax bills above $10,000: 18%
Home value at which property tax bill exceeds $10,000: $1,561,628

5. San Francisco, California

(Pixabay)

Effective property tax rate for 2016: 0.6%
Household property tax bills above $10,000: 19.9%
Home value at which property tax bill exceeds $10,000: $1,762,341

4. Fairfield County, Connecticut

(Pixabay)

Effective property tax rate for 2016: 0.6%
Household property tax bills above $10,000: 20.6%
Home value at which property tax bill exceeds $10,000: $783,275

3. New York, New York

(Pexels)

Effective property tax rate for 2016: 1.2%
Household property tax bills above $10,000: 22.7%
Home value at which property tax bill exceeds $10,000: $848,752

2. Newark, New Jersey

(Derek Jensen)

Effective property tax rate for 2016: 2.1%
Household property tax bills above $10,000: 33.7%
Home value at which property tax bill exceeds $10,000: $468,957

1. Long Island, New York

(Pexels)

Effective property tax rate for 2016: 1.9%
Household property tax bills above $10,000: 46.5%
Home value at which property tax bill exceeds $10,000: $522,432

[Business Insider]