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

Facts and Figures 2018: How Does Your State Compare?

March 21, 2018

2018 State Business Tax Climate Index

October 17, 2017

Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections

June 20, 2017

Ohio Illustrated: A Visual Guide to Taxes & The Economy

June 7, 2017

Which Places Pay the Most in Property Taxes?

May 18, 2017

2017 State Business Tax Climate Index

September 28, 2016


Related Articles

State Tax Implications of Federal Tax Reform in Virginia

August 14, 2018

Arkansas Tax Task Force Hones its Recommendations

August 7, 2018

Testimony: Tax Burdens and Tax Triggers in Arkansas

July 27, 2018

Recommendations for the Arkansas Tax Reform and Relief Task Force

June 21, 2018

To What Extent Does Your State Rely on Property Taxes?

June 20, 2018

Average Per Capita Property Taxes: How Does Your State Compare?

May 11, 2018

Property Tax Limitation Regimes: A Primer

April 23, 2018

Testimony: Texas Policy Options for Tax Reform

April 19, 2018

New York’s SALT Avoidance Scheme Could Actually Raise Your Taxes

April 2, 2018

Facts and Figures 2018: How Does Your State Compare?

March 21, 2018

SALT Update: Property Tax Prepayments Need an Assessment

December 27, 2017

Property Taxes in Arkansas

December 5, 2017

2018 State Business Tax Climate Index

October 17, 2017

How High Are Property Tax Collections Where You Live?

September 21, 2017

Illinois Calls Special Legislative Session in Final Attempt to Prevent Fiscal Disaster

June 26, 2017

Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections

June 20, 2017

Ohio Illustrated: A Visual Guide to Taxes & The Economy

June 7, 2017

Which Places Pay the Most in Property Taxes?

May 18, 2017

To What Extent Does Your State Rely on Property Taxes?

April 13, 2017

Testimony: Tax Reform Proposals in Maine

February 23, 2017