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

Aligning Kentucky’s Tax Code for Growth

November 30, 2021

Where Do People Pay the Most in Property Taxes?

September 1, 2021

These States Will Pay You to Move. Does That Strategy Make Sense?

April 30, 2021

Facts and Figures 2021: How Does Your State Compare?

March 10, 2021

Thirteen Priorities for Pro-Growth Tax Modernization in Nebraska

February 2, 2021

State Tax Changes Effective January 1, 2021

January 5, 2021


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