Some of the most substantial deductions in the federal tax code are the itemized deductions for state and local income, sales, and real estate taxes. This map shows the variation, by county, in the amounts of...
- Monday Map: Growth of Property Taxes by State
Monday Map: Growth of Property Taxes by State
Today's Monday Map looks at the growth of property taxes between 2009 and 2010. The basic metric we use to judge property tax levels is the median real estate tax divided by the median home value. This figure more than doubled in Louisiana, rising over 140% (though it should be said that Louisiana still ranked lowest overall in 2009, and only jumped to 3rd lowest for 2010.) North Dakota and Indiana are the only two states that saw a decrease.
Click on the map to enlarge it.
Update: A few readers have written in asking me to emphasize that the map is showing the growth not of the median property tax amount, but rather a rough measure of the median effective property tax rate, which is true. There's growth in this metric across the board, and one of the main causes is that assessed home values take some time to catch up to actual market values. In a period of decreasing home prices, that means higher effective property tax rates.
View previous Monday Maps here.
Subscribe to the Tax Foundation Newsletter
We will never sell or share your information with third parties.
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.