Business 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.


Featured Research

2018 State Business Tax Climate Index

October 17, 2017

Ohio Illustrated: A Visual Guide to Taxes & The Economy

June 7, 2017

2017 State Business Tax Climate Index

September 28, 2016

Location Matters 2015

August 26, 2015


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