Top 10 NYC Property Tax FAQs Answered!

Author Bejo

Once youre actually in your home in nyc and dealing with an annual tax bill for your property, youll be somewhat relieved to know that the property taxes are lower than the new york state average and those of surrounding areas such as new jersey (which has the highest tax rate in the country at 2. 49%). The average property tax rate in nyc is 0. 88. Here are 19 frequently asked questions (faqs) to help you understand property taxes as a whole, and with that, determine why your taxes have increased. What are property taxes, and how are they calculated? Property taxes are charges levied on your real estate by local governments, primarily used to fund public services.

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