4 ms·
No. Property tax rates are extremely- some would say criminally- low in NYC. I would think it unusual for more than 20% of rent to go to property tax. Mortgage
by jonahbenton 4y ago
No. Property tax rates are extremely- some would say criminally- low in NYC. I would think it unusual for more than 20% of rent to go to property tax.
Mortgage much much more likely to be the dominant expense for a residential landlord, but varies significantly with age.
There are many longtime landlords for whom their tenants are now nearly all profit. Which is INSANE.
- revnode 4y agoWhy are you assuming he lives in NYC?
- halfmatthalfcat 4y agoBecause they are responding to the OP (who is talking about NYC) and further elaborating on NYC taxes, while describing their (supposed) NYC tax burden.
- revnode 4y agoOP didn’t say anything about NYC?