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

Links: Profit Shifting Solutions and Internet Sales Taxes

State and Local Property Tax Collections Per Capita by State, 2006-2010

Virginia Gubernatorial Candidates Eye Cumbersome Tax Code

Tax Freedom Day® 2013 is April 18, Five Days Later Than Last Year

Sources of State and Local Tax Revenue, Fiscal Years 2008-2010

Comments on Who Pays? A Distributional Analysis of the Tax Systems in All 50 States

Weekly Map: Sources of State and Local Tax Revenue: Property Tax

North Carolina Tax Reform Options: A Guide to Fair, Simple, Pro-Growth Reform

State and Local Property Taxes Target Commercial and Industrial Property

2013 State Business Tax Climate Index: Property Tax Component

2013 State Business Tax Climate Index: Results

States Moving Away From Taxes on Tangible Personal Property

Special Report No. 198: Tax Freedom Day 2012

Property Taxes on Owner-Occupied Housing as Percentage of Median Home Value, by State, Calendar Year 2010

State Business Tax Climate Index–Property Tax Index, 2011-2012

Major Components of the State Business Tax Climate Index, FY 2012

Government Takes a Greater Share than Shareholders

Best and Worst States in Property Tax Administration

New York, New Jersey Lead Nation in Property Tax Burden

Property Taxes on Owner-Occupied Housing, by County, Ranked by Taxes Paid, 2005 – 2009 (five-year average)