New Report Compares State and Local Government Tax Revenue Sources
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 |
|
|
State |
Fraction of Tax |
|
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 Source: Tax Foundation calculations based on data |