click bait tittle, they pay property taxes in NYC, just a much lower % rate. > "The combined 89th and 90th floor penthouse at One57 set the new high-water mark

click bait tittle, they pay property taxes in NYC, just a much lower % rate. > "The combined 89th and 90th floor penthouse at One57 set the new high-water mark for a single-family residence sale in New York. While the owner paid nine figures for the penthouse, the city only taxed the unit for $17,000 in property taxes. That's an effective property tax rate of 0.017 percent—about one one-hundredth of the average national tax rate."