SmartAsset, a financial technology company, released a study last week comparing counties across the United States by measuring local crime rates and school quality relative to their effective property tax rates. Among the city’s five boroughs Queens homeowners fared the best in terms of value.
Queens ranked ninth out of New York state’s 62 counties and was one of two counties within the city to make it in the top 10 in terms of value.
With its 0.84 percent property tax rate, it received an eight out of 10 school rating, and had 1,734 crimes per 100,000 people, according to the July 27 study.
In comparison, the statewide average rate for property taxes is 1.65 percent, according to SmartAsset. Outside the city, tax rates in New York counties exceed 2.5 percent.
Queens had a better school rating then Richmond County (Staten Island), which had a seven out of 10 school rating, 1,531 crimes per 100,000 people and .87 percent in property taxes, according to the study. Kings County (Brooklyn) had a .65 percent property tax, a nine out of 10 school rating, but 2,2276 crimes per 100,000 crimes were committed there.
Well, it certainly seems we get what we pay for, doesn't it? (end sarcasm)