Cities most Dependant on Property Tax Revenue

Twice a year our property taxes are paid. Either by check, or via an escrow account with our mortgage servicer. You pay a percentage of the value of your property in taxes; whether your property is mortgaged, or under construction.

For many cities, property taxes are the single largest source of revenue for them. A healthy city should have many sources of revenue - business taxes, sales taxes, or economic infrastructure that lets them keep property taxes low.

To determine the property owners who contribute the most of municipal budgets, CompanyNameHere compares the budgets of the top 152 cities in the US to find where property owners are contributing to the bottom line. Read on for our findings, commentary from a panel of tax experts and a full description of our methodology.

Main Findings

Overall Property Tax Burden by State

Cities most reliant on property taxes

Cities least reliant on property taxes

Cities in southern and western states skew higher, while cities in the northeast and the midwest have more cities all over the range. Being in a region doesn’t guaranty a diversified taxbase.

Methodology

In order to determine the states that tax their property owners the most and least aggressively, CompanyNameHere took the averaged percent of municipal budget from property tax from each state.

Sources: Data used to create this ranking were collected from Fiscally Standardized Cities dataset by Lincoln Institute of Land Policy