Variations in property taxes.

Asked by Deepti Girvin, New York, NY Thu Feb 19, 2009

We have been looking for homes in Brooklyn to buy. We are a bit confused as to why taxes vary so much even when the properties are in the same neighborhood.

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Everett Perry, Agent, Fresh Meadows, NY
Thu Feb 19, 2009
The taxes in NYC are based upon a formula that uses a percentage of the value of the house to get the annual taxes.
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