This is what makes a waterfront home on the South Shore affordable to carry. So let's be precise.
Staten Island's effective property-tax rate sits around 0.85% of market value, the lowest effective rate of any borough in the city. On a $1.1 million South Annadale home, that's roughly $9,000 to $10,000 a year, and even on a $2 million-plus Arabus Lake estate the bill stays far lower than a comparable home would carry in most high-tax markets.
And it's predictable. New York City taxes one- to three-family homes as Class 1, on a small fraction of market value, and caps how fast your assessment can rise: no more than 6% in a single year, and no more than 20% over any five years. Even at this price point, your bill can't lurch upward the way it can in places that revalue aggressively.
The waterfront note: on a lakefront or bay-adjacent home, the carrying cost is taxes plus flood insurance, and the second number can rival the first. I run both together before you commit, so you see the true monthly, not just the tax line.