Sunday, January 25, 2009

New York State Property Taxes

This should come as no surprise. New York homeowners pay highest property taxes in nation


According to a recent report by the Washington-based Tax Foundation, New Yorkers are saddled with the highest property tax burden in the nation. The counties paying the highest actual property taxes in the nation are Westchester and Nassau with average burdens nearing $8,000 per year. Monroe County ranks 80th in the nation with an average tax bill of $3,486.

An interesting twist to the data is that when taxes are compared to their homes' value, Monroe County ranks 5th in the nation with median real estate taxes running at 2.84% of median home values. Neighboring Orleans County tops the list!! I guess the eternal optimists in me wants to report this as good news. I mean, we could be paying more than a quarter of a million dollars for a starter home and have huge taxes too.

Anyway, I'm working with a reporter who is doing a story about the impact on the local real estate market of Governor Patterson's proposal to eliminate the STAR rebate checks. If you have some thoughts to share on this subject, either leave a comment on the blog (with contact information) or send me an e-mail at MShelsby@gmail.com. We'd love to hear from you.
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