Four New England states rank in the top 10 most reliant on property taxes, and four Mid-Atlantic states rank in the top 10 most reliant on individual income taxes. These are among the findings of newly released Tax Foundation data on various sources of state and local tax collections for fiscal year 2007, the latest Census data available for both states and localities. View Tax Foundation Fiscal Fact No. 194, “Where Do State and Local Governments Get Their Tax Revenue?“ The report contains five charts, including the property tax table below: Which Ten States Rely Most on Property Taxes? State Fraction of Tax Revenue Coming from Property Taxes New Hampshire 61.3% Vermont 42.1% New Jersey 41.7% Texas 41.6% Rhode Island 41.1% Michigan 39.3% Connecticut 38.2% Illinois 37.1% Florida 36.8% Wyoming 36.8% Note: Includes residential and commercial real estate (mostly local revenue) as well as personal property taxes on cars, boats, etc. (mostly state revenue). Source: Tax Foundation calculations based on data from Census Bureau’s government finance data for state and local governments during fiscal year 2007.
