Center for State Tax Policy

Business 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

Location Matters 2021: The State Tax Costs of Doing Business

May 5, 2021

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April 30, 2021

Facts and Figures 2021: How Does Your State Compare?

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February 2, 2021

State Tax Changes Effective January 1, 2021

January 5, 2021

2021 State Business Tax Climate Index

October 21, 2020


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