2024 Competitiveness Redbook | Page 23

Effective Property Tax Rate on an Industrial Property * in the State ’ s Largest City ( Payable 2022 )
Rank
Effective Tax Rate
Net Tax
1
Jackson , MS
2.794 %
$ 1,396,971
2
Chicago , IL
2.429 %
$ 1,214,589
3
Indianapolis , IN
2.329 %
$ 1,164,351
4
Detroit , MI
2.326 %
$ 1,163,002
5
Charleston , SC
2.318 %
$ 1,159,180
6
Kansas City , MO
2.259 %
$ 1,129,417
7
Houston , TX
2.100 %
$ 1,050,081
8
Portland , OR
2.070 %
$ 1,035,079
9
New Orleans , LA
2.032 %
$ 1,015,833
10
Phoenix , AZ
1.923 %
$ 961,624
11
Charleston , WV
1.883 %
$ 941,265
12
Des Moines , IA
1.767 %
$ 883,279
13
Providence , RI
1.735 %
$ 867,342
14
Denver , CO
1.715 %
$ 857,454
15
Omaha , NE
1.686 %
$ 842,856
16
Bridgeport , CT
1.673 %
$ 836,413
17
Newark , NJ
1.600 %
$ 800,064
18
Anchorage , AK
1.586 %
$ 792,827
19
Minneapolis , MN
1.477 %
$ 738,581
20
Oklahoma City , OK
1.456 %
$ 727,836
21
Atlanta , GA
1.413 %
$ 706,654
22
Little Rock , AR
1.409 %
$ 704,471
23
Wichita , KS
1.397 %
$ 698,598
24
Burlington , VT
1.392 %
$ 695,887
25
Albuquerque , NM
1.341 %
$ 670,580
26
Milwaukee , WI
1.311 %
$ 655,322
27
Baltimore , MD
1.300 %
$ 650,066
28
Jacksonville , FL
1.262 %
$ 631,075
29
Columbus , OH
1.215 %
$ 607,432
30
Philadelphia , PA
1.192 %
$ 596,147
31
Birmingham , AL
1.173 %
$ 586,670
32
Nashville , TN
1.139 %
$ 569,450
33
Billings , MT
1.121 %
$ 560,305
34
Boston , MA
1.068 %
$ 533,963
35
Los Angeles , CA
0.932 %
$ 466,208
36
Las Vegas , NV
0.908 %
$ 454,031
37
Manchester , NH
0.876 %
$ 438,216
38
Salt Lake City , UT
0.812 %
$ 406,201
39
Sioux Falls , SD
0.769 %
$ 384,262
40
Cheyenne , WY
0.760 %
$ 379,757
41
Louisville , KY
0.756 %
$ 377,963
42
Portland , ME
0.683 %
$ 341,550
43
Wilmington , DE
0.678 %
$ 338,920
44
Fargo , ND
0.673 %
$ 336,549
45
Boise , ID
0.653 %
$ 326,396
46
Charlotte , NC
0.648 %
$ 324,071
47
Seattle , WA
0.643 %
$ 321,567
48
New York City , NY
0.585 %
$ 292,712
49
Honolulu , HI
0.544 %
$ 271,870
50
Virginia Beach , VA
0.481 %
$ 240,525
Washington , DC
1.787 %
$ 893,535
U . S . Average
1.373 %
$ 686,661
* Value : $ 25 million land & structures ; $ 12.5M , Machinery
& Equipment ; $ 10M , Inventories ; $ 2.5M , Fixtures
TABLE 16 Source : Minnesota Taxpayers Association / Lincoln Institute of Land Policy
In 2020 Seattle ’ s ETR for industrial properties ranked 47th .