Home Buying in New York>Question Details

Claire, Home Buyer in New York, NY

We are considering getting an apt in NY with the dollar depreciation. However, we have long heard that

Asked by Claire, New York, NY Sun Apr 20, 2008

property taxes in US are very high. Just wondering if we purchase a home for 300k-500k, what is the ballpark figure of how the annual property tax?

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4
if you are thinking of Manhattan, I can help you. Just e-mail me at as_bdg@verizon.net
If you are thinking of upstate NY, then go to Realtor.com and key in all the parameters for a particualr area, and you will have your answer
0 votes Thank Flag Link Thu Jan 19, 2012
Gail is right it is all different. However an example since you wanted ballpark is a listing I have for $500,000 where the taxes are $550 a month.
You sould look at listing on http://www.elliman.com to get an idea.
Good Luck space@elliman.com
0 votes Thank Flag Link Sun Apr 20, 2008
There is no ballpark figure. It will vary from a building to building.
There are many units available in new developments ( new construction and conversions) which have received Tax Abatements. These will be the buildings with the lowest real estate taxes at least for a fixed period of time which could be something like 10 years for example. It will be important to determine when was the tax abatement approved and how many years are left on it. Real Estate agent will be able to select the tax abated buildings for you.
0 votes Thank Flag Link Sun Apr 20, 2008
There is no ballpark figure on tax. Your Realtor should provide you with accurate, updated tax information on each property.

Otherwise, contact NYC Dept of Finance and look up the property for this information.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Sun Apr 20, 2008
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