New York ranks 2nd in the nation for overall tax burden in 2025, with the highest income tax rate and steep property taxes.

Property taxes, one of New York City’s main ... to the Office of the NY Comptroller, lower-valued properties are more likely to bear a greater tax burden than the city’s highest-value properties.

The category accounted for nearly half of the municipal tax revenue in 2024, according to the Real Estate Board of New York.

New York City dominates the economy of the state as ... The business climate of the state, however, is one of extremes. New York’s taxes, union workforce and red tape are among the highest ...

Sky-high property taxes in large metros like New York City, Philadelphia ... Texas is No. 2 on the list, followed by Arizona. North Carolina, Pennsylvania, and California also appear in the ...

The real estate sector generates $37 billion in tax revenue for the city. New York’s real estate sector is a critical ...

New York state has nine income tax rates, ranging from 4% to 10.9% ... Our opinions are our own. Here is a list of our partners and here's how we make money.