As a percentage, NYC real estate taxes are pretty reasonable. The overall taxes are high because the value of the property has been skyrocketing. I feel a bit

As a percentage, NYC real estate taxes are pretty reasonable. The overall taxes are high because the value of the property has been skyrocketing. I feel a bit sad for the people who are being taxed out of the neighborhood, but I don't think they would give up the run up in the resale value. They're going to get all of that gain when they sell. ALas, that might not be for awhile.