I am a lifelong New Yorker, now living in Long Island.
New Jersey is NOT the boroughs. A homeowner living in the boroughs would have to own a house worth more than $2 million to pay $19,400 in property taxes. My former home in Queens just sold for $800,000 and was taxed at approximately $5,000.
My home in Nassau County is worth about $750,000 and I pay $16,000 in property taxes. The family mentioned in the article would also have their current deductions “grandfathered” so there is a lot that’s fishy about the story.
I am surprised Queens is so low. Castle Rock, Colorado, a little bedroom community, has taxes higher than that.