2023 Competitiveness Redbook 2023 | Page 23

Effective Property Tax Rate on an Industrial Property * in the State ’ s Largest City ( Payable 2021 )
Rank
Effective Tax Rate
Net Tax
1
Jackson , MS
2.794 %
$ 1,396,817
2
Charlotte , NC
2.564 %
$ 1,282,037
3
Cheyenne , WY
2.445 %
$ 1,222,400
4
Houston , TX
2.438 %
$ 1,218,817
5
Philadelphia , PA
2.291 %
$ 1,145,320
6
Portland , OR
2.267 %
$ 1,133,576
7
Jacksonville , FL
2.252 %
$ 1,126,001
8
Atlanta , GA
2.173 %
$ 1,086,512
9
Newark , NJ
2.096 %
$ 1,048,085
10
Des Moines , IA
2.078 %
$ 1,039,224
11
Virginia Beach , VA
1.875 %
$ 937,521
12
Omaha , NE
1.840 %
$ 920,109
13
Chicago , IL
1.808 %
$ 904,196
14
Anchorage , AK
1.702 %
$ 851,085
14
Birmingham , AL
1.702 %
$ 850,980
16
Las Vegas , NV
1.662 %
$ 830,790
17
Louisville , KY
1.613 %
$ 806,637
18
Indianapolis , IN
1.582 %
$ 791,218
19
Wichita , KS
1.460 %
$ 730,078
20
New York City , NY
1.457 %
$ 728,269
21
Boise , ID
1.429 %
$ 714,676
22
Burlington , VT
1.410 %
$ 704,991
23
Fargo , ND
1.403 %
$ 701,738
24
Baltimore , MD
1.399 %
$ 699,475
25
Columbus , OH
1.379 %
$ 689,593
26
Salt Lake City , UT
1.304 %
$ 651,917
27
Bridgeport , CT
1.302 %
$ 651,030
28
Manchester , NH
1.211 %
$ 605,421
29
Oklahoma City , OK
1.200 %
$ 600,023
30
Albuquerque , NM
1.162 %
$ 581,088
31
Portland , ME
1.151 %
$ 575,400
32
Honolulu , HI
1.117 %
$ 558,513
33
New Orleans , LA
1.111 %
$ 555,255
34
Kansas City , MO
1.109 %
$ 554,312
35
Billings , MT
0.940 %
$ 470,083
36
Little Rock , AR
0.908 %
$ 454,031
37
Providence , RI
0.897 %
$ 448,645
38
Charleston , WV
0.852 %
$ 426,161
39
Phoenix , AZ
0.827 %
$ 413,437
40
Denver , CO
0.816 %
$ 407,860
41
Boston , MA
0.751 %
$ 375,430
42
Minneapolis , MN
0.716 %
$ 358,232
43
Detroit , MI
0.714 %
$ 357,225
44
Charleston , SC
0.694 %
$ 347,200
45
Wilmington , DE
0.682 %
$ 341,083
46
Sioux Falls , SD
0.666 %
$ 333,155
47
Los Angeles , CA
0.649 %
$ 324,428
48
Nashville , TN
0.640 %
$ 319,876
49
Milwaukee , WI
0.538 %
$ 268,875
50
Seattle , WA
0.530 %
$ 264,780
Washington , DC
1.841 %
$ 920,468
U . S . Average
1.400 %
$ 699,777
* Value : $ 25 million land & structures ; $ 12.5M , Machinery
& Equipment ; $ 10M , Inventories ; $ 2.5M , Fixtures
In 2021 Seattle ’ s ETR for industrial properties ranked 50th .
TABLE 16 Source : Minnesota Taxpayers Association / Lincoln Institute of Land Policy