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

Where Do People Pay the Most in Property Taxes?

September 13, 2022

Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections (FY 2020)

August 25, 2022

Wealth Taxes in Europe

April 19, 2022

State Legislatures Take Up Tax Reform and Relief in 2022

March 29, 2022

Facts & Figures 2022: How Does Your State Compare?

March 29, 2022

Sources of Government Revenue in the OECD

February 10, 2022


Related Articles

Where Do People Pay the Most in Property Taxes?

September 13, 2022

Taxes and the UK’s new Prime Minister

September 6, 2022

Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections (FY 2020)

August 25, 2022

Tax Reform Options to Improve Wisconsin’s Competitiveness

July 13, 2022

Wisconsin Losing Ground to Tax-Friendly Peers

May 31, 2022

Ranking Property Taxes on the 2022 State Business Tax Climate Index

May 10, 2022

Wealth Taxes in Europe

April 19, 2022

State Legislatures Take Up Tax Reform and Relief in 2022

March 29, 2022

Facts & Figures 2022: How Does Your State Compare?

March 29, 2022

Sources of U.S. Tax Revenue by Tax Type

February 14, 2022

Sources of Government Revenue in the OECD

February 10, 2022

The State Business Tax Climate Index Is Your Guide to Economic “Wins Above Replacement”

December 16, 2021

Aligning Kentucky’s Tax Code for Growth

November 30, 2021

Tracking 2021 Election Results: State Tax Ballot Measures

November 2, 2021

Coloradans to Vote on Structurally Unsound Property and Cannabis Tax Changes

October 22, 2021

Movers and Shakers in the International Tax Competitiveness Index

October 21, 2021

International Tax Competitiveness Index 2021

October 18, 2021

What If We Taxed Churches?

September 9, 2021

Where Do People Pay the Most in Property Taxes?

September 1, 2021

How High Are Property Taxes in Your State?

July 7, 2021