Center for State Tax Policy

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

Which Places Pay the Most in Property Taxes?

August 7, 2019

To What Extent Does Your State Rely on Property Taxes?

May 1, 2019

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

March 13, 2019

Ranking Property Taxes on the 2019 State Business Tax Climate Index

October 24, 2018

2019 State Business Tax Climate Index

September 26, 2018

Facts and Figures 2018: How Does Your State Compare?

March 21, 2018


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Testimony to the Joint Session of the Nebraska Revenue, Education, and Retirement Committees

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Why State-for-Local Tax Swaps Are So Hard to Do

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A Tradition Unlike Any Other: The Masters Tax Exemption

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D.C. Property Tax Proposals Should Be Mindful of Base Erosion, Target Simplicity, and Transparency

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Facts and Figures 2019: How Does Your State Compare?

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

March 13, 2019

Results of 2018 State and Local Tax Ballot Initiatives

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Ranking Property Taxes on the 2019 State Business Tax Climate Index

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Top State Tax Ballot Initiatives to Watch in 2018

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Hawaii Court Considers Investment Property Tax on Ballot

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Minnesota’s Uncompetitive Tax Code Warrants Improvement

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