Using NYC data for average cost per square foot, apartment sizes, occupancy per apartment and per private homes etc, I calculate that the tax amounts to aproximately $1,000 per month for a typical rental occupant vs $800 per month for a typical luxury home occupant . So it is an extremely regressive tax when you consider the likely income of people owning a $4M home vs someone renting the average NYC apartment. (I use tax per occupant bc the city services funded by the tax are probably best correlated with population size, such as number of kids in a school, or bags of garbage produced per person etc.)
Using NYC data for average cost per square foot, apartment sizes, occupancy per apartment and per private homes etc, I calculate that the tax amounts to aproximately $1,000 per month for a typical rental occupant vs $800 per month for a typical luxury home occupant . So it is an extremely regressive tax when you consider the likely income of people owning a $4M home vs someone renting the average NYC apartment. (I use tax per occupant bc the city services funded by the tax are probably best correlated with population size, such as number of kids in a school, or bags of garbage produced per person etc.)
Excellent additional analysis - thanks for adding your comment.