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.

How High are State and Local Tax Collections in Your State?

February 19, 2020

Facts and Figures 2020: How Does Your State Compare?

February 13, 2020

Iowa Governor Proposes Second Round of Tax Reform

January 15, 2020

Ranking Property Taxes on the 2020 State Business Tax Climate Index

December 11, 2019

Kansas Tax Modernization: A Framework for Stable, Fair, Pro-Growth Reform

December 10, 2019

Results of 2019 State and Local Tax Ballot Initiatives

November 5, 2019

State and Local Tax Ballot Measures to Watch on Election Day 2019

October 28, 2019

Testimony: Wisconsin’s Property Tax System and its Implications for Revenue Stability, Opportunity, and Growth

October 24, 2019

2020 State Business Tax Climate Index

October 22, 2019

Colorado Proposition CC: Will Voters Part with Their TABOR Refunds?

October 10, 2019

Which Places Pay the Most in Property Taxes?

August 7, 2019

States Should Continue to Reform Taxes on Tangible Personal Property

August 6, 2019

State Tax Changes as of July 1, 2019

July 11, 2019

Texas Tackles Property Tax Concerns, Can Square Up to Margin Tax

July 1, 2019

Texas Legislature Abandons Tax Swap, Advances Property Tax Cap

May 16, 2019

To What Extent Does Your State Rely on Property Taxes?

May 1, 2019

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

April 29, 2019

Iowa Adopts a “Soft” Property Tax Cap