2026 Competitiveness Redbook | Page 23

Effective Property Tax Rate on a Commercial Property * in the State’ s Largest City( Payable 2024)
Rank
Effective Tax Rate
Net Tax
1 Detroit, MI
3.996 %
$ 1,198,726
2 Chicago, IL
3.620 %
$ 1,086,072
3 Providence, RI
3.284 %
$ 985,196
4 Des Moines, IA
2.898 %
$ 869,482
5 Baltimore, MD
2.823 %
$ 846,821
6 Kansas City, MO
2.750 %
$ 824,901
7 Jackson, MS
2.745 %
$ 823,359
8 Portland, OR
2.593 %
$ 777,855
9 Indianapolis, IN
2.550 %
$ 764,875
10 Minneapolis, MN
2.494 %
$ 748,295
11 Wichita, KS
2.387 %
$ 716,003
12 Bridgeport, CT
2.309 %
$ 692,810
13 Burlington, VT
2.261 %
$ 678,422
14 Philadelphia, PA
2.135 %
$ 640,522
15 Denver, CO
2.106 %
$ 631,803
15 Boston, MA
2.106 %
$ 631,750
17 Houston, TX
1.997 %
$ 599,116
18 Milwaukee, WI
1.964 %
$ 589,290
19 Charleston, SC
1.937 %
$ 581,040
20 Columbus, OH
1.909 %
$ 572,811
21 Charleston, WV
1.856 %
$ 556,902
22 Omaha, NE
1.838 %
$ 551,490
23 Newark, NJ
1.770 %
$ 530,899
24 New Orleans, LA
1.714 %
$ 514,183
25 Albuquerque, NM
1.685 %
$ 505,459
26 Phoenix, AZ
1.676 %
$ 502,656
27 Jacksonville, FL
1.669 %
$ 500,792
28 Atlanta, GA
1.505 %
$ 451,568
29 Anchorage, AK
1.452 %
$ 435,592
30 Huntsville, AL
1.442 %
$ 432,680
31 Oklahoma City, OK
1.420 %
$ 425,872
32 New York City, NY
1.418 %
$ 425,356
33 Portland, ME
1.376 %
$ 412,775
34 Little Rock, AR
1.366 %
$ 409,675
35 Louisville, KY
1.283 %
$ 384,750
36 Manchester, NH
1.232 %
$ 369,573
37 Los Angeles, CA
1.200 %
$ 359,907
38 Sioux Falls, SD
1.187 %
$ 356,083
39 Las Vegas, NV
1.131 %
$ 339,294
40 Fargo, ND
1.121 %
$ 336,384
41 Honolulu, HI
1.052 %
$ 315,580
42 Nashville, TN
0.937 %
$ 281,243
43 Salt Lake City, UT
0.928 %
$ 278,342
44 Billings, MT
0.914 %
$ 274,204
45 Boise, ID
0.896 %
$ 268,862
46 Virginia Beach, VA
0.873 %
$ 261,875
47 Wilmington, DE
0.846 %
$ 253,662
48 Seattle, WA
0.785 %
$ 235,416
49 Charlotte, NC
0.711 %
$ 213,322
50 Cheyenne, WY
0.599 %
$ 179,692
Dist. of Columbia
1.774 %
$ 532,273
U. S. Average
1.788 %
$ 536,410
*$ 25 million, land and building
TABLE 15 Source: Lincoln Institute of Land Policy / Minnesota Center for Fiscal Excellence
Seattle’ s ETR for commercial properties ranked 48th.