2023 Competitiveness Redbook 2023 | Page 22

Effective Property Tax Rate on a Commercial Property * in the State ’ s Largest City ( Payable 2021 )
Source : Minnesota Taxpayers Association / Lincoln Institute of Land Policy TABLE 15
Rank
Effective Tax Rate
Net Tax
1 Detroit , MI
4.212 %
$ 1,263,712
2 Chicago , IL
3.783 %
$ 1,135,009
3 Providence , RI
3.532 %
$ 1,059,609
4 Des Moines , IA
3.134 %
$ 940,228
5 Kansas City , MO
2.842 %
$ 852,747
6 Indianapolis , IN
2.816 %
$ 844,796
7 Baltimore , MD
2.805 %
$ 841,536
8 Jackson , MS
2.732 %
$ 819,560
9 Newark , NJ
2.689 %
$ 806,637
10 Phoenix , AZ
2.656 %
$ 796,807
11 Milwaukee , WI
2.655 %
$ 796,456
12 Minneapolis , MN
2.637 %
$ 791,218
13 Bridgeport , CT
2.636 %
$ 790,714
14 Portland , OR
2.620 %
$ 786,064
15 Wichita , KS
2.541 %
$ 762,182
16 Houston , TX
2.203 %
$ 660,917
17 Denver , CO
2.119 %
$ 635,814
18 Omaha , NE
2.028 %
$ 608,378
19 New Orleans , LA
2.025 %
$ 607,374
20 Philadelphia , PA
2.000 %
$ 600,023
21 Burlington , VT
1.901 %
$ 570,337
22 Charleston , WV
1.875 %
$ 562,513
23 Boston , MA
1.862 %
$ 558,513
24 Columbus , OH
1.859 %
$ 557,703
25 Charleston , SC
1.781 %
$ 534,315
26 Anchorage , AK
1.636 %
$ 490,685
27 Jacksonville , FL
1.610 %
$ 483,022
28 Atlanta , GA
1.533 %
$ 459,991
29 Albuquerque , NM
1.498 %
$ 449,334
30 Louisville , KY
1.449 %
$ 434,835
31 Little Rock , AR
1.398 %
$ 419,475
32 Sioux Falls , SD
1.378 %
$ 413,437
33 Oklahoma City , OK
1.349 %
$ 404,594
34 New York City , NY
1.344 %
$ 403,313
35 Portland , ME
1.299 %
$ 389,700
36 Nashville , TN
1.260 %
$ 378,120
37 Wilmington , DE
1.251 %
$ 375,430
38 Billings , MT
1.199 %
$ 359,617
39 Los Angeles , CA
1.175 %
$ 352,562
40 Honolulu , HI
1.157 %
$ 347,200
41 Las Vegas , NV
1.131 %
$ 339,294
42 Salt Lake City , UT
1.108 %
$ 332,265
43 Manchester , NH
1.081 %
$ 324,428
44 Fargo , ND
1.066 %
$ 319,876
45 Boise , ID
1.056 %
$ 316,825
46 Virginia Beach , VA
1.016 %
$ 304,780
47 Birmingham , AL
0.882 %
$ 264,734
48 Charlotte , NC
0.872 %
$ 261,732
49 Seattle , WA
0.818 %
$ 245,443
50 Cheyenne , WY
0.693 %
$ 207,887
Washington , DC
1.935 %
$ 580,468
U . S . Average
1.900 %
$ 569,930
*$ 25 million , land and structures ; $ 5 million , fixtures
In 2021 Seattle ’ s ETR for commercial properties ranked 49th .