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FIPS: 36047•Rank #4 National•Rank #2 in NY
Kings County, NY
Forward-Looking Municipal Debt, Assessment Lag & Carrying Cost Audit
High Tax Drift Risk
96% Conf.
Tax Drift Index
78.2/ 100
High Drift Risk
Kings County Executive Risk Briefing
MSRB EMMA Disclosures & US Census BureauAugust 2026
Kings County carries a High Tax Drift Score (78.2/100) based on $10,200 in overlapping municipal debt per capita and a +27% CAD assessment lag spread. Projected 3-year millage escalation of +0.12% (+12 bps) indicates an estimated +$2,560/yr escrow adjustment on median-priced properties.
Median Home: $880,000Median Income: $74,000Effective Tax: 0.8%
Municipal Debt Per Capita
$10,200
13.8% of Median Income
CAD Valuation Lag
+27.0%
Assessed Value trailing Market HPI
3-Yr Millage Escalation
+12 bps
Effective Rate: 0.8% → 1.0%
Projected Annual Escrow Shock
+$2,560/yr
Estimated on median assessed home
Interactive Property Tax & Escrow Shock Simulator
Model forward-looking ad valorem tax obligations and monthly escrow adjustments for a specific parcel in Kings County, NY.
$880,000
$0
Current Annual Tax
$7,480
@ 0.85% eff. rate
Year 3 Projected Tax
$10,040
@ 0.97% eff. rate
Net Escrow Increase
+$2,560/yr
+$213/mo mortgage escrow
Projected Shock Attribution Breakdown+12 bps rate shift
1. Muni Bond Debt Service
+6 bps
I&S bond amortization
2. Operating Deficit Drift
+6 bps
M&O budget expansion
3. CAD Valuation Catch-up
+$1,313/yr
+$154,440 assessed base
Overlapping Taxing Jurisdictions & Debt Obligations
Breakdown of autonomous debt issuers assessing ad valorem property taxes on parcels within Kings County.
| Entity Name | Entity Type | Outstanding Bond Debt | Debt / Student or Cap | Adopted Millage |
|---|---|---|---|---|
| New York City Public Schools (Brooklyn) | ISD | $8.5B | $25,000 | 0.450% |
5-Year Historical Drift Score & Effective Rate Trajectory
2022
69
0.8% eff.
2023
72
0.8% eff.
2024
74
0.8% eff.
2025
77
0.8% eff.
2026
78.2
0.8% eff.
Statutory Constraint & Legislative Policy
Brooklyn brownstone and multi-family reassessment caps create disparity between long-term owners and new buyers.
Data Provenance & Audit Citations