TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Tuesday, August 24, 2004

Property Taxes on the Rise

Tuesday, August 24, 2004

Today's Wall Street Journal reports that property and sales taxes have increased as a share of state and local tax revenues, while income taxes have fallen:

Tax..........1Q 2001..........1Q 2004
Income.......22.4%.............19.4%
Property......25.5%.............28.2%
Sales..........31.4%.............32.2%
The Journal reports that property taxes overall have increased 10% during this period, reversing the trend during the 1990s of declining property taxes and sparking ballot initiatives this November in Maine, New Jersey, Ohio, Texas, and other states seeking to cap the growth of property taxes.

https://taxprof.typepad.com/taxprof_blog/2004/08/property_taxes_.html

News | Permalink

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341c4eab53ef00d8353c9f9e69e2

Listed below are links to weblogs that reference Property Taxes on the Rise:

Comments