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

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

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

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

Where Do State and Local Governments Get Their Tax Revenue?

Local Property Tax Collections Per Capita, Fiscal Year 2007

State Property Tax Collections Per Capita, Fiscal Year 2007

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

Map: Property Taxes on Owner-Occupied Housing by State

“Fighting New Jersey’s Tax Crush”

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

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

States Use Gentle Hand in Taxing Timberland

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

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

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

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

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

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

New Census Data on Property Taxes on Homeowners