Business Property Taxes

Testimony: A Property Tax Assessment Limit Would Do More Harm Than Good in Kansas

Instead of adopting a highly distortive property tax assessment limit, policymakers should consider how similar goals could be met through other means.

International Tax Competitiveness Index 2023

While there are many factors that affect a country’s economic performance, taxes play an important role. A well-structured tax code is easy for taxpayers to comply with and can promote economic development while raising sufficient revenue for a government’s priorities.

Real Property Taxes in Europe, 2023

High property taxes levied not only on land but also on buildings and structures can discourage investment in infrastructure, which businesses would have to pay additional tax on.

Tax Trends in European Countries

In recent years, European countries have undertaken a series of tax reforms designed to maintain tax revenue levels while protecting households and businesses from high inflation.

Property Taxes by State and County, 2023

Property taxes are the primary tool for financing local governments and generate a significant share of state and local revenues.

California Is Trying to Redefine “Tax Rebates” in a Threat to Public-Private Partnerships

Recharacterizing a rather simple repayment transaction as a tax rebate is concerning, not just for sound tax policy, but also for the future of public-private financing partnerships.

Not All Taxes Are Created Equal

Discover why there are better and worse ways for governments to raise a dollar of revenue. That’s because no two taxes impact the economy the same.

Montana Enacts Strong Reforms—Now, It’s Time for Sound Property Tax Relief

Montana Policymakers should pursue principled property tax reform that benefits all property owners without creating market distortions or unfairly shifting the tax burden.

A Tax Reform Plan for Growth and Opportunity: Details & Analysis

This tax reform plan would boost long-run GDP by 2.5%, grow wages by 1.4%, and add 1.3M jobs, all while collecting a similar amount of tax revenue as the current code and reducing the long-run debt burden.

State Tax Changes Taking Effect July 1, 2023

At least 32 notable tax policy changes recently took effect across 18 states, including alterations to income taxes, payroll taxes, sales and use taxes, property taxes, and excise taxes. See if your state tax code changed.

Texas Lawmakers Should Deliver Principled Property Tax Relief

Texas’s robust surpluses create an opportunity to use state funds to lower local property taxes. However, it remains important for legislators to pursue a principled approach to rate compression, rather than enacting a plan that will simply shift the tax burden in nonneutral ways.

State Tax Reform and Relief Trend Continues in 2023

Ranking Property Taxes on the 2023 State Business Tax Climate Index

States are in a better position to attract business investment when they maintain competitive real property tax rates and avoid harmful taxes on tangible personal property, intangible property, wealth, and asset transfers.

Louisiana Considers Eliminating Corporate Franchise and Inventory Taxes

Legislation currently advancing in Louisiana—related to the franchise tax, inventory tax, and corporate rebate and exemption programs—would make the state’s tax code simpler and more competitive.

Testimony: Taxes, Spending, and Addressing the U.S. Debt Crisis

A better-designed tax system should be a goal of any fiscal consolidation package. That said, our simulations suggest that even substantially higher tax increases are insufficient to curtail long-run debt-to-GDP growth.

Wealth Taxes in Europe, 2023

Instead of reforming and hiking the wealth tax, perhaps policymakers should consider whether the tax is serving its intended objectives, and, if not, consider repealing the tax altogether.

America’s Progressive Tax and Transfer System: Federal, State, and Local Tax and Transfer Distributions

The overall U.S. tax and transfer system is overwhelmingly progressive, and understanding the extent—and source—of that progressivity is essential for lawmakers considering the trade-offs associated with each tax policy decision.

Close to Home: A Short Guide to Property Taxes

As housing prices are rapidly increasing, and property tax bills along with them, the property tax has come into the spotlight in many states. The design of a state’s property tax system can affect how attractive that state is to businesses and residents.

Facts & Figures 2023: How Does Your State Compare?

Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.

Kentucky Should Refrain from Expanding Its Taxation of Business Inputs

As final negotiations occur between the House and Senate, legislators should avoid adopting new policies that would jeopardize Kentucky’s business tax competitiveness.