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Summit
Summit
New York
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2 out of 5 stars based on 0 ratings
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Summit is a town in Schoharie County, New York, United States. The population was 1,123 at the time of the 2000 census. The name is derived from a peak (Mt. Wharton) that was thought to be the highest elevation in the county. The Town of Summit is on the western border of the county and is northeast of Oneonta.

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Taxes

C

How did New York earn the grade of C? We examined the state taxes based on how age friendly they are. New York has a state sales tax of 4.00%. Of particular interest is that New York does not have taxes on social security. There are estate taxes. There are no taxes imposed on inheritance. New York has an effective property tax rate of 1.65%. Weighing these taxes and other taxes most likely to impact the aging population is how New York earned its state tax grade of C.

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