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

2019 State Business Tax Climate Index

September 26, 2018

Facts and Figures 2018: How Does Your State Compare?

March 21, 2018

2018 State Business Tax Climate Index

October 17, 2017

Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections

June 20, 2017

Ohio Illustrated: A Visual Guide to Taxes & The Economy

June 7, 2017

Which Places Pay the Most in Property Taxes?

May 18, 2017


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