Inequities From Property Tax Limits Grow With Rising Home Values, Report Shows
The 50-State Property Tax Comparison Study explores several key factors influencing property taxes, providing a comprehensive analysis of effective property tax ratesthe tax paid as a percentage of market valuein 123 cities and towns in every U.S. state and Washington, DC.
- The 50-State Property Tax Comparison Study explores several key factors influencing property taxes, providing a comprehensive analysis of effective property tax ratesthe tax paid as a percentage of market valuein 123 cities and towns in every U.S. state and Washington, DC.
- Cities with high local sales or income taxes do not need to raise as much revenue from the property tax and thus have lower property tax rates on average.
- Cities with low property values need to impose a higher tax rate to raise the same revenue as cities with high property values.
- Highest and Lowest Effective Property Tax Rates on a Median-Valued Home Among Largest Cities in Each U.S. State (2020)