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

Tax Cut? More Like Tax Swap

February 20, 2007

Niagara County Resident Puts up Billboard Protesting Property Taxes

January 29, 2007

What West Virginia Needs to Do in Order to Compete in the 21st Century

December 11, 2006

New Report: America’s Property Tax Burden on the Rise Again

December 3, 2006

Property Tax Collections Surged with Housing Boom

December 1, 2006

New Census Data Show New York, New Jersey Homeowners Hit Hardest by Property Taxes

October 3, 2006

Pennsylvania Gubernatorial Challenger Campaigns on Property Tax Issue

September 29, 2006

Florida Push for Property Tax Reform Gaining Momentum

September 18, 2006

Property Tax Backlash Brewing in the States?

August 25, 2006

The Economic Shell Game of ‘Tax Increment Financing’

August 18, 2006

Economists and the ‘Fairness’ of Local Property Taxes

August 11, 2006

Tiny Dancer Hit With Giant Tax Bill

June 20, 2006

Indiana: A Case Study in the Dangers of Fiscal Entanglement

January 27, 2006

Understanding State Property Taxes

December 16, 2005

A Room with a (Highly Taxed) View

November 22, 2005

The Aesthetically Pleasing View Tax

November 1, 2005

Scott Hodge on ‘Marketwatch’

October 13, 2005

Will A Housing Bubble Burst Lead to Property Tax Hikes?

August 24, 2005

Property Taxes and Community Stability

June 28, 2005

Another Setback for Pennsylvania Slot Machine Plan

June 3, 2005