High floor versus low floor price premium

higher floor always has a premium. depending on the price of apartment it can be as low as $1K per floor to high of $5K.

Somewhat useful article on the subject: http://nymag.com/realestate/features/high-rise-appraisals-2012-4/

Thanks for the opinions....

I always wondered why higher floors command higher prices but they do not command higher taxes, in a condo at least. I know why they dont, because the common interest is the same, but it still does not makes sense.

In Coops, the amt of shares does increase to compensate for higher floor. Sometimes, this can come out to be a 10k difference per floor in price and a maintenance difference in several hundred a month.

For one thing, higher floors are going to be a lot less noisy.

What I can't see is why, say, the 40th floor is more valuable than the 20th floor. Is the view that much better from up there? Better enough that it's worth a longer elevator ride every day?