Property Tax Rates and Stats

29% - Property Taxes as a percentage of state & local tax collections, which is down from 82% about 100 years ago.

9% - Annualized percentage change in home prices over the past 5 years.

26% vs 12% - Percentage of cities that increased their property tax rate in 2005 compared with the percentage of cities that cut property taxes.

$286 Billion - The amount local governments collected in property taxes in 2002-2003.

$1.54 - Median effective property tax rate per $100 of assessed value of the largest cities in all 50 states.

5 in 100 - Number of residential tax assessments that are appealed.

4 in 10 - Number of people say that the local property tax is the least fair tax.

Sources: Fiserv CSW, The Gallup Poll, Office of Tax and Revenye, National Conference of State Legislatures, National League of Cities, National Taxpayers Union, U.S. Census Bureau, Kiplinger’s Magazine April 2006.