2024 Competitiveness Redbook | Page 22

Effective Property Tax Rate on a Commercial Property * in the State ’ s Largest City ( Payable 2022 )
Source : Minnesota Taxpayers Association / Lincoln Institute of Land Policy TABLE 15
Rank
Effective Tax Rate
Net Tax
1 Chicago , IL
4.005 %
$ 1,201,518
2 Detroit , MI
3.912 %
$ 1,173,483
3 Providence , RI
3.336 %
$ 1,000,842
4 Des Moines , IA
3.062 %
$ 918,472
5 Bridgeport , CT
3.042 %
$ 912,450
6 Kansas City , MO
2.851 %
$ 855,227
7 Jackson , MS
2.732 %
$ 819,651
8 Indianapolis , IN
2.717 %
$ 815,046
9 Newark , NJ
2.667 %
$ 800,064
10 Baltimore , MD
2.633 %
$ 789,863
11 Portland , OR
2.588 %
$ 776,309
12 Minneapolis , MN
2.583 %
$ 775,038
13 Wichita , KS
2.568 %
$ 770,544
14 Milwaukee , WI
2.383 %
$ 714,903
15 Phoenix , AZ
2.322 %
$ 696,660
16 Denver , CO
2.137 %
$ 641,062
17 Houston , TX
2.098 %
$ 629,344
18 Omaha , NE
2.062 %
$ 618,735
19 Burlington , VT
2.022 %
$ 606,595
20 Philadelphia , PA
1.987 %
$ 596,147
21 New Orleans , LA
1.979 %
$ 593,703
22 Columbus , OH
1.894 %
$ 568,258
23 Charleston , WV
1.856 %
$ 556,899
24 Charleston , SC
1.781 %
$ 534,248
25 Boston , MA
1.780 %
$ 533,963
26 Albuquerque , NM
1.632 %
$ 489,550
27 Jacksonville , FL
1.559 %
$ 467,584
28 Atlanta , GA
1.543 %
$ 462,774
29 Anchorage , AK
1.520 %
$ 456,027
30 Manchester , NH
1.461 %
$ 438,216
31 New York City , NY
1.420 %
$ 425,893
32 Little Rock , AR
1.408 %
$ 422,471
33 Oklahoma City , OK
1.348 %
$ 404,353
34 Louisville , KY
1.343 %
$ 402,765
35 Birmingham , AL
1.311 %
$ 393,204
36 Sioux Falls , SD
1.281 %
$ 384,262
37 Billings , MT
1.250 %
$ 374,867
38 Nashville , TN
1.247 %
$ 374,210
39 Portland , ME
1.242 %
$ 372,600
40 Los Angeles , CA
1.166 %
$ 349,656
41 Las Vegas , NV
1.131 %
$ 339,306
42 Wilmington , DE
1.130 %
$ 338,920
43 Fargo , ND
1.122 %
$ 336,549
44 Salt Lake City , UT
1.003 %
$ 300,831
45 Virginia Beach , VA
0.935 %
$ 280,525
46 Honolulu , HI
0.906 %
$ 271,870
47 Boise , ID
0.799 %
$ 239,653
48 Seattle , WA
0.793 %
$ 237,864
49 Charlotte , NC
0.759 %
$ 227,571
50 Cheyenne , WY
0.600 %
$ 179,999
Washington , DC
1.845 %
$ 553,535
U . S . Average
1.873 %
$ 561,851
*$ 25 million , land and structures ; $ 5 million , fixtures
In 2021 Seattle ’ s ETR for commercial properties ranked 48th .