2025 Competitiveness RedbookLive | Page 23

Effective Property Tax Rate on an Industrial Property * in the State ’ s Largest City ( Payable 2023 )
Rank
Effective Tax Rate
Net Tax
1
Jackson , MS
2.793 %
$ 1,396,317
2
Chicago , IL
2.456 %
$ 1,227,923
3
Charleston , SC
2.420 %
$ 1,209,840
4
Detroit , MI
2.270 %
$ 1,134,754
5
Kansas City , MO
2.157 %
$ 1,078,719
6
Indianapolis , IN
2.137 %
$ 1,068,369
7
Portland , OR
2.054 %
$ 1,027,180
8
New Orleans , LA
1.930 %
$ 965,059
9
Houston , TX
1.922 %
$ 960,863
10
Charleston , WV
1.883 %
$ 941,265
11
Phoenix , AZ
1.855 %
$ 927,587
12
Providence , RI
1.805 %
$ 902,629
13
Denver , CO
1.728 %
$ 864,202
14
Omaha , NE
1.647 %
$ 823,690
15
Anchorage , AK
1.616 %
$ 808,159
16
Newark , NJ
1.525 %
$ 762,656
17
Oklahoma City , OK
1.520 %
$ 759,949
18
Burlington , VT
1.426 %
$ 713,195
19
Atlanta , GA
1.393 %
$ 696,250
20
Little Rock , AR
1.379 %
$ 689,675
21
Albuquerque , NM
1.368 %
$ 683,850
22
Jacksonville , FL
1.363 %
$ 681,322
23
Wichita , KS
1.322 %
$ 660,874
24
Baltimore , MD
1.278 %
$ 638,909
25
Bridgeport , CT
1.260 %
$ 629,819
26
Philadelphia , PA
1.204 %
$ 601,960
26
Milwaukee , WI
1.204 %
$ 602,006
28
Birmingham , AL
1.173 %
$ 586,670
29
Columbus , OH
1.101 %
$ 550,582
30
Boston , MA
1.074 %
$ 536,790
31
Billings , MT
1.061 %
$ 530,629
32
Minneapolis , MN
1.057 %
$ 528,586
33
Des Moines , IA
1.042 %
$ 520,797
34
Los Angeles , CA
0.960 %
$ 479,759
35
Nashville , TN
0.953 %
$ 476,483
36
Las Vegas , NV
0.908 %
$ 454,031
37
Manchester , NH
0.832 %
$ 415,863
38
Salt Lake City , UT
0.759 %
$ 379,375
39
Boise , ID
0.751 %
$ 375,674
40
Portland , ME
0.749 %
$ 374,275
41
Louisville , KY
0.733 %
$ 366,349
42
Sioux Falls , SD
0.727 %
$ 363,444
43
Cheyenne , WY
0.699 %
$ 349,661
44
Fargo , ND
0.641 %
$ 320,513
45
Honolulu , HI
0.611 %
$ 305,660
46
Seattle , WA
0.608 %
$ 303,850
47
Charlotte , NC
0.574 %
$ 287,184
48
New York City , NY
0.530 %
$ 264,774
49
Wilmington , DE
0.500 %
$ 250,182
50
Virginia Beach , VA
0.490 %
$ 244,980
Dist . of Columbia
1.788 %
$ 894,008
U . S . Average
1.3 %
$ 659,160
* 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 46th .