Back to New York Overview
FIPS: 36047•Rank #4 National•Rank #1 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 +6.55% (+655 bps) indicates an estimated +$198,996/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
+655 bps
Effective Rate: 0.8% → 7.4%
Projected Annual Escrow Shock
+$198,996/yr
Estimated on median assessed home
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 | 45.000% |
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