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 2022 alone, property taxes generated 27.4% of total state and local tax collections – more than any other source of tax revenue. Also, in 2022 property taxes accounted for 70.2% of local tax collections. So, where do people pay the most in property taxes? See the interactive chart below and be sure to read the full report.
Click here to read the full report at the Tax Foundation.
