3 ms·
Not sure of the specifics because I directly engage in not putting myself in this situation where I would be required to pay this tax ;) I believe I've heard t
by sushshshsh 6y ago
Not sure of the specifics because I directly engage in not putting myself in this situation where I would be required to pay this tax ;)
I believe I've heard that anyone leasing or owning a dwelling anywhere in NYC would pay 3-6% of their yearly income depending on how much they make to NYC. On top of their rent/property tax of course :)
That is why many of us choose to live in Jersey City or Nassau/Suffolk county, where in exchange for a longer commute (no problem thanks to COVID-19 now) you pay less taxes and get a bit more air to breathe and less garbage on the streets.
As for living in Yonkers and paying the Yonkers local tax, well, I am not sure why anyone would live in Yonkers ;)
- Spooky23 6y agoIt depends on your circumstances. If you own your home, generally speaking, by the time you factor property taxes, the NYC income taxes aren’t as crazy as they seem. Property taxes are 2.5-4x higher in surrounding areas. The ROI depends on your specifics. Even in low tax locales like the South, people get surprised by things like food sales taxes and HOAs that are responsible for things like sewers.