Property tax very high
By Lena Kovadlo
@lovebuglena (52144)
Staten Island, New York
April 11, 2026 11:47am CST
One of the condo apartments I looked at to buy had an annual property tax of around $5400.
That’s much higher than the property tax for my mom’s house that I’m living in now.
That makes absolutely no sense to me.
Who would want to pay that much money a year in property taxes for an apartment?
And why is it so much?
Also, based on other apartments I’ve seen in the same building, it seems like the higher the apartment is floor-wise in the building, the higher the taxes.
That’s weird too.
And for the amount of money they’re asking for the apartment ($435,000) you can buy a decent house.
This apartment now shows as pending, which means it’s under the contract.
Clearly, someone was ok with the amounts, though they could have negotiated and lowered the sale price.
Another apartment I looked at online only (located in the same building) has an annual property tax of around $5600 and it is being sold for around $440,000.
That’s even higher than the one that is under contract that I mentioned above.
No point in seeing this apartment because even if you can negotiate the sale price, you can’t negotiate property tax.
8 people like this
6 responses
@lovebuglena (52144)
• Staten Island, New York
11 Apr
Yep. But why does a condo apartment have higher property tax than a house? I don’t get it.
2 people like this
@moffittjc (128824)
• Gainesville, Florida
12 Apr
Those are some very high property taxes! But you also live in a very high-tax state, so that is at least a portion of why it's so expensive. I live in Florida, which is a notoriously low-tax state, so our property taxes aren't bad at all.
Most of our state's income doesn't come from property taxes, but on sales taxes, which makes sense in a state that has over 140 million tourists per year visit. That means the tourists are paying most of the taxes that generate all our state revenue.
It also explains in part why so many New Yorkers, and people from the Northeast in general, move to Florida. We have over 1000 people per day moving into the state. Yes, a lot of that has to do with our weather and climate, but taxes and cost of living also factor in heavily.
1 person likes this
@moffittjc (128824)
• Gainesville, Florida
12 Apr
@lovebuglena Unfortunately for New York, the state is now losing population, while Florida continues to gain. Florida is now the third most populated state in the nation, behind California and Texas.
But I will say, it is getting crowded here, and the influx of new population is driving up real estate prices.
@lovebuglena (52144)
• Staten Island, New York
12 Apr
Since the pandemic a lot of people from NYC decided to move to FL.
1 person likes this
@lovebuglena (52144)
• Staten Island, New York
12 Apr
How can a condo apartment have a much higher property tax than a house? Makes no sense.
@toniganzon (77064)
• Philippines
12 Apr
I wonder what's the basis for the tax valuation there?
1 person likes this
@lovebuglena (52144)
• Staten Island, New York
14 Apr
It’s crazy how high the taxes are.
1 person likes this
@lovebuglena (52144)
• Staten Island, New York
12 Apr
It seems that way based on apartments I’ve seen. Those on higher floors had higher property tax.
1 person likes this
@LindaOHio (222222)
• United States
12 Apr
Property tax is based on the property value; so it makes sense that the higher floors would have a higher property tax. $5,000 is a huge bit of cash. I hope you can find something more reasonable.
