Property Taxes

The property tax is a tax on the market value of privately owned property, including land, cars, business inventory, etc. Although the property tax is the principal source of revenue for localities, broad consensus has not been reached on the basic issue of whether property taxes are regressive, proportional or progressive. Property tax liability is calculated by multiplying the nominal property tax rate by the assessment ratio (the percentage of the value of the property that is taxed) by the value of the property.

Additional questions about property taxes? Call (202) 464-6200.

State to State Migration Data Tool

Where have been taxpayers been moving? Get migration data from the IRS going as far back as 1993. Go

Property Tax Data by County Tool

How does your property tax bills compare to other areas in the US? Property Tax Data by County Go

Follow Us

Tax By State

For information on your state, select it from the drop-down menu.

 

Ask a Tax Expert

Contact information for Tax Foundation policy staff Ask