The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. In fact, they point out that, in FY 2020 alone, property taxes generated 32.2% of total state and local tax collections – more than any other source of tax revenue. Also, in 2020 property taxes accounted for 72.2% of local tax collections. So, where do people pay the most in property taxes? See the interactive chart below…
Click here to read the full report at the Tax Foundation.
