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

International Tax Competitiveness Index 2019

October 2, 2019

Which Places Pay the Most in Property Taxes?

August 7, 2019

State Tax Changes as of July 1, 2019

July 11, 2019

To What Extent Does Your State Rely on Property Taxes?

May 1, 2019

Sources of Tax Revenue: U.S. vs. OECD

April 25, 2019

How Much Does Your State Collect in Property Taxes Per Capita?

March 13, 2019


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