Scott Gottlieb, CPA

105 Maxess Road, Suite N116
Melville, New York 11747

Office: 631-574-4484 or 631-253-CPA2

631-574-4484 phone
American Institute of CPA'S
Member of BNI
Certified Quickbooks Pro Advisor
Registered In NY

certified quickbooks proadvisor
  For My Clients
  City/State/Federal Tax Forms & Revenue Links
  IRS Information For All
  NYC Business Forms
  State Business Forms
  Federal Business Forms
  Quickbook Updates
  Links of Interest
  U.S. Tax Code
  Tax & Government Links
  Tax Humor & History
  Contact Us
  Articles & News
  Current Article
  Archived Tax Articles
  American Recovery
Reinvestment Act 2009
  Archives Interest Sites

Balance Budget Act 1997


Never Underestimate the Value of A CPA

Pet Adoption










November 1999

Editor: Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA

This article is a press release from the Tax Foundation

Property Tax Collections Reach New Heights at State and Local Levels

Washington, D.C. October 29, 1999 -  According to estimates in a new Tax Foundation Special Report, property tax collections will hit an all-time high in 1999.

Local government units including counties, cities, and school districts will collect approximately $221 billion, while state governments collect $11 billion.

The study is "State and Local Property Tax Collections," by economist J. Scott Moody.

Adjusted for inflation, property tax collections have risen steadily since 1950 except during a series of tax revolts in the 1970s made famous by California s Proposition 13. The decline bottomed out in 1981, and property tax collections have grown 69 percent since then.

Local vs. State Property Taxes

In FY 1996, the latest data available, 73 percent of all local tax collections came from property taxes. Coming in a distant second was sales tax revenue (16 percent) followed by income taxes (6 percent).

Table 1 shows local property tax collections by state and ranks those collections on a per capita and per $1,000 of personal income basis. New Jersey localities collected the most per capita ($1,606). Following New Jersey are New Hampshire ($1,531) and Connecticut ($1,425).

In terms of personal income, New Hampshire localities top the list with $59 collected for every $1,000 of personal income. Following New Hampshire are New Jersey ($53) and Vermont ($53).

State-level property taxes are small compared to local collections, and they account for only 2 percent of state revenue. However, they have begun growing more rapidly.

Table 2 shows state property tax collections by state and ranks those collections per capita and per $1,000 of personal income. In per capita terms, six states collect more than $100 in property taxes. By far the largest is Washington with per capita property tax collections of $329. The five next highest states are Montana ($263); Wyoming ($174); Michigan ($169); California ($106); and Kentucky ($106). As a percentage of personal income, only two states collect more than $10 per $1000 of personal income: Montana ($14) and Washington ($14).

The report includes discussions of property tax administration and the process of determining who ultimately bears the tax burden of property taxes.

The Tax Foundation is a nonpartisan, nonprofit organization that has monitored fiscal policy at the federal, state and local levels since 1937.


And don’t forget to add this to your bookmark or favorites menu to help you in visiting us monthly. 

Other issues of NewsBytes see our archives





1997-2009 Scott Gottlieb, CPA. All Rights Reserved.

Disclaimer/Use of Site

The materials on this Web site are for informational purposes only and are not intended and should not be construed as accounting advice. This information is not intended to create, and receipt of it does not constitute, a CPA-Client relationship. You should not act upon this information without seeking counsel from a Certified Public Accountant