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No. Property tax rates are extremely- some would say criminally- low in NYC. I would think it unusual for more than 20% of rent to go to property tax.

Mortgage much much more likely to be the dominant expense for a residential landlord, but varies significantly with age.

There are many longtime landlords for whom their tenants are now nearly all profit. Which is INSANE.



Why are you assuming he lives in NYC?


Because they are responding to the OP (who is talking about NYC) and further elaborating on NYC taxes, while describing their (supposed) NYC tax burden.


OP didn’t say anything about NYC?




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