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

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

Best of the Blogosphere: From Corporate to Property Taxes, From Colorado to Rhode Island

Would the Proposed Bailout Affect Local Property Tax Collections?

New Census Data on Property Taxes on Homeowners

Will Baltimore Bet on Gambling to Solve Property Tax Problems?

New Census Data Shows Where Property Taxes Hit Homeowners Hardest

Appropriation by Litigation: Estimating the Cost of Judicial Mandates for State and Local Education Spending

Change in Per Capita State and Local Property Taxes from 2000 to 2005

What West Virginia Needs to Do in Order to Compete in the 21st Century

Property Tax Collections Surged with Housing Boom

Another Setback for Pennsylvania Slot Machine Plan

Property Tax Relief in Pennsylvania: Not as Simple as It Sounds