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.


Related Articles

Historical State and Local Revenue Sources

October 28, 2009

Property Tax on Owner-Occupied Housing, by County, Ranked by Property Taxes as a Percentage of Home Value, 2006-2008 (3-Year Average)

October 28, 2009

Property Tax on Owner-Occupied Housing, by County, Ranked by Property Taxes Paid, 2006-2008 (3-Year Average),

October 28, 2009

New Jersey and New York Counties Rank Highest in Property Tax, Louisiana Parishes Lowest

October 28, 2009

Where Do State and Local Governments Get Their Tax Revenue?

October 9, 2009

Local Property Tax Collections Per Capita, Fiscal Year 2007

October 4, 2009

State Property Tax Collections Per Capita, Fiscal Year 2007

October 4, 2009

Monday Map: Property Taxes on Owner-Occupied Housing, By State

September 28, 2009

Map: Property Taxes on Owner-Occupied Housing by State

September 28, 2009

“Fighting New Jersey’s Tax Crush”

September 28, 2009

Topline Results for Tax Foundation’s 2009 Survey of U.S. Attitudes on Taxes, Government Spending and Wealth Distribution

April 8, 2009

Paterson / Silver Budget Will Make New York’s Taxes Worst in Country

March 31, 2009

States Use Gentle Hand in Taxing Timberland

March 25, 2009

Tracking State Budget News on Twitter, and the Best of the Blogosphere

January 13, 2009

BusinessWeek Features State Business Tax Climate Index; State-Local Tax Reports in Editorial Pages This Week

December 31, 2008

WSJ Columnist Cites Our State & Local Tax Studies, Urges Obama Not to Repeat New Jersey’s Mistakes

December 30, 2008

Tax Foundation’s Website Among the “Online Tax Canon” … and the Best of the Blogosphere

December 29, 2008

Property Tax on Owner-Occupied Housing, by County, Ranked by Property Taxes as a Percentage of Home Value*, 2005-2007 (3-Year Average)

December 12, 2008

Property Tax on Owner-Occupied Housing, by County, Ranked by Property Taxes Paid*, 2005-2007 (3-Year Average)

December 12, 2008

New Census Data on Property Taxes on Homeowners

December 12, 2008