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.


Related Articles

Sources of Government Revenue in the OECD, 2021

February 11, 2021

Thirteen Priorities for Pro-Growth Tax Modernization in Nebraska

February 2, 2021

To What Extent Does Your State Rely on Property Taxes?

January 19, 2021

State Tax Changes Effective January 1, 2021

January 5, 2021

Wealth Taxes in Europe

December 17, 2020

Ranking Property Taxes on the 2021 State Business Tax Climate Index

December 9, 2020

OECD Report: Tax Revenue in African Countries

November 17, 2020

Comparing Europe’s Tax Systems: Property Taxes

November 12, 2020

Election Analysis: California and Colorado Voters Resist Temptation to Shift More of Property Tax Burden to Businesses

November 4, 2020

Results of 2020 State and Local Tax Ballot Measures

November 3, 2020

A Framework for the Future: Reforming the UK Tax System

October 24, 2020

2021 State Business Tax Climate Index

October 21, 2020

International Tax Competitiveness Index 2020

October 14, 2020

Tax Modernization: A Key to Economic Recovery and Growth in Nebraska

October 13, 2020

Split Roll Initiative in California Threatens Property Tax Limitations on Commercial Real Estate

September 24, 2020

New Census Data Shows States Beat Revenue Expectations in FY 2020

September 18, 2020

More Countries Target the Property Tax

September 17, 2020

Nevada Hoping to Extract Revenue with Mining Tax Increase Amendment

August 12, 2020

Real Property Taxes in Europe

August 6, 2020

What Can Connecticut Learn from its Neighbors About Property Tax Limitations?

July 15, 2020