2025 Competitiveness RedbookLive | Page 22

Effective Property Tax Rate on a Commercial Property * in the State ’ s Largest City ( Payable 2023 )
Source : Minnesota Taxpayers Association / Lincoln Institute of Land Policy TABLE 15
Rank
Effective Tax Rate
Net Tax
1 Chicago , IL
4.076 %
$ 1,222,781
2 Detroit , MI
4.046 %
$ 1,213,751
3 Providence , RI
3.454 %
$ 1,036,129
4 Indianapolis , IN
2.848 %
$ 854,278
5 Des Moines , IA
2.759 %
$ 827,661
6 Jackson , MS
2.731 %
$ 819,267
7 Kansas City , MO
2.727 %
$ 818,123
8 Baltimore , MD
2.596 %
$ 778,707
9 Portland , OR
2.568 %
$ 770,385
10 Newark , NJ
2.542 %
$ 762,656
11 Minneapolis , MN
2.522 %
$ 756,534
12 Wichita , KS
2.443 %
$ 732,865
13 Bridgeport , CT
2.353 %
$ 705,856
14 Phoenix , AZ
2.247 %
$ 673,971
15 Milwaukee , WI
2.189 %
$ 656,741
16 Denver , CO
2.141 %
$ 642,327
17 Burlington , VT
2.089 %
$ 626,846
18 Birmingham , AL
2.022 %
$ 606,463
19 Philadelphia , PA
2.007 %
$ 601,960
20 Omaha , NE
2.005 %
$ 601,581
21 Houston , TX
1.920 %
$ 575,873
22 Charleston , SC
1.873 %
$ 561,780
23 New Orleans , LA
1.872 %
$ 561,469
24 Columbus , OH
1.829 %
$ 548,792
25 Charleston , WV
1.804 %
$ 541,227
26 Boston , MA
1.789 %
$ 536,790
27 Jacksonville , FL
1.696 %
$ 508,945
28 Albuquerque , NM
1.665 %
$ 499,486
29 Anchorage , AK
1.559 %
$ 467,559
30 Atlanta , GA
1.502 %
$ 450,450
31 New York City , NY
1.501 %
$ 450,186
32 Oklahoma City , OK
1.407 %
$ 422,194
33 Manchester , NH
1.386 %
$ 415,863
34 Little Rock , AR
1.366 %
$ 409,675
35 Portland , ME
1.361 %
$ 408,300
36 Louisville , KY
1.304 %
$ 391,199
37 Sioux Falls , SD
1.211 %
$ 363,444
38 Los Angeles , CA
1.199 %
$ 359,819
39 Las Vegas , NV
1.131 %
$ 339,306
40 Billings , MT
1.116 %
$ 334,728
41 Fargo , ND
1.068 %
$ 320,513
42 Honolulu , HI
1.019 %
$ 305,660
43 Virginia Beach , VA
0.950 %
$ 284,980
44 Nashville , TN
0.937 %
$ 281,243
45 Salt Lake City , UT
0.935 %
$ 280,515
46 Boise , ID
0.932 %
$ 279,477
47 Wilmington , DE
0.834 %
$ 250,182
48 Seattle , WA
0.754 %
$ 226,314
49 Charlotte , NC
0.713 %
$ 213,834
50 Cheyenne , WY
0.649 %
$ 194,806
Dist . of Columbia
1.847 %
$ 554,008
U . S . Average
1.873 %
$ 561,851
*$ 25 million , land and building
In 2021 Seattle ’ s ETR for commercial properties ranked 48th .