Options for Property Tax Reform: Equitable Revenue Raising for New York City’s Property Tax
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District Neighborhood
401 Astoria $1,785 $24,765 $45,000 $61,000
404 Elmhurst/Corona $1,418 $17,469 $45,000 $50,000
409 Ozone Park/Woodhaven $484 $20,490 $45,000 $70,000
414 Rockaways $669 $11,849 $45,000 $79,745
111 Pelham Parkway $466 $18,887 $43,741 $80,000
108 Riverdale/Kingsbridge $1,275 $22,761 $43,725 $87,400
209 South Crown Heights $2,274 $17,163 $43,000 $73,500
211 Bensonhurst $2,061 $12,781 $43,000 $71,000
312 Washington Heights/Inwood $4,242 $17,135 $42,200 $9
5,000
217 East Flatbush $745 $7,992 $42,000 $58,870
309 Morningside Heights/Hamilton Heights $7,144 $22,309 $42,000 $96,564
208 North Crown Heights/Prospect Heights $3,513 $32,435 $41,000 $110,000
207 Sunset Park $4,429 $33,742 $40,000 $58,200
310 Central Harlem $8,226 $17,899 $39,000 $90,000
212 Borough Park $2,900 $17,097 $36,696 $69,464
112 Williamsbridge/Baychester $313 $12,474 $35,662 $56,472
204 Bushwick $2,394 $19,716 $35,000 $40,000
205 E
ast New York/Starrett City $1,601 $5,498 $35,000 $70,000
203 Bedford Stuyvesant $2,890 $4,832 $32,496 $71,870
109 Soundview/Parkchester $532 $13,531 $32,000 $68,000
311 East Harlem $6,236 $29,459 $31,870 $47,200
213 Coney Island $905 $13,790 $31,000 $66,043
107 Kingsbridge Heights/Moshulu $884 $24,448 $30,000 $59,000
104 Highbridge/South Concourse $2,251 $22,891 $27,000 $63,000
103 Morrisania/Belmont $1,075 $21,177 $22,601 $40,000
106 Morrisani
a/Belmont $1,036 $25,614 $22,601 $40,000
216 Brownsville/Ocean Hill $1,897 $16,587 $22,000 $63,800
105 University Heights/Fordham $1,700 $21,731 $20,700 $50,000
101 Mott Haven/Hunts Point $943 $25,827 $18,000 $62,520
102 Mott Haven/Hunts Point $1,203 $19,147 $18,000 $62,520
Table B-1: Average Benefit from Assessment Caps and Median Household Income by Neighborhood,
Fiscal Year 2013 (Part 2)
1-3 Family Homes Homeowners
Source: New York City Department of Finance, Property Tax Rolls, Fiscal Year 2013. U.S. Department of Commerce, Census Bureau, American
Community Survey, 2011.
Average Assessment Cap Benefit
4-10 Family
R
entals
Median Household Income
All Residents