Upstate cities and rural communities have the highest tax burdens in New York compared to the value of the homes, a report today found.
Reports nationally and in the state have long shown that upstate pays an outsized percentage of taxes compared to the relatively low home values, even though downstate pays among the highest actual property taxes in the nation.
The second annual report from the Empire Center for New York State Policy, a fiscally conservative group, found similar results: The highest tax rates are in places with low property values, while the lowest rates are in wealthy areas.
Taxpayers will vote May 21 on school budgets across the state. School taxes represent about 60 percent of a homeowner’s tax bill.
“With school budget votes just two weeks away, its important for voters to understand what their tax rates are and how that rate relates to what others in their region and in the state are paying,” said Empire Center director Tim Hoefer.
Binghamton dropped from first to second in the highest tax rate per $1,000 of home value, while Rye and Yonkers in Westchester County had among the lowest.
When all property taxes are tallied – including for schools and local governments – Binghamton pays $51.97 per $1,000 of home value, which is second only to Gloversville, Fulton County. Binghamton has a median home value of $80,700 and the median taxes are $4,194.