2026 Competitiveness Redbook | Page 24

TABLE 16 Source: Lincoln Institute of Land Policy / Minnesota Center for Fiscal Excellence
Effective Property Tax Rate on an Industrial Property * in the State’ s Largest City( Payable 2024)
Rank
Effective Tax Rate
Net Tax
1
Jackson, MS
2.807 %
$ 1,403,291
2
Charleston, SC
2.490 %
$ 1,245,120
3
Detroit, MI
2.215 %
$ 1,107,314
4
Kansas City, MO
2.176 %
$ 1,087,981
5
Indianapolis, IN
2.083 %
$ 1,041,562
6
Portland, OR
2.074 %
$ 1,037,140
7
Houston, TX
2.062 %
$ 1,030,854
8
Chicago, IL
2.010 %
$ 1,004,841
9
Charleston, WV
1.867 %
$ 933,410
10
New Orleans, LA
1.768 %
$ 883,783
11
Providence, RI
1.703 %
$ 851,696
12
Denver, CO
1.696 %
$ 847,989
13
Burlington, VT
1.560 %
$ 779,993
14
Anchorage, AK
1.535 %
$ 767,335
15
Oklahoma City, OK
1.533 %
$ 766,569
16
Omaha, NE
1.510 %
$ 754,876
17
Baltimore, MD
1.414 %
$ 707,023
18
Atlanta, GA
1.395 %
$ 697,328
19
Little Rock, AR
1.379 %
$ 689,675
19
Albuquerque, NM
1.379 %
$ 689,263
21
Minneapolis, MN
1.376 %
$ 688,115
22
Jacksonville, FL
1.345 %
$ 672,296
23
Philadelphia, PA
1.337 %
$ 668,555
24
Wichita, KS
1.289 %
$ 644,688
25
Boston, MA
1.264 %
$ 631,750
26
Bridgeport, CT
1.234 %
$ 616,773
27
Huntsville, AL
1.128 %
$ 564,050
28
Milwaukee, WI
1.080 %
$ 540,176
29
Phoenix, AZ
1.076 %
$ 537,761
30
Newark, NJ
1.062 %
$ 530,899
31
Des Moines, IA
1.048 %
$ 523,784
32
Columbus, OH
1.047 %
$ 523,453
33
Los Angeles, CA
0.960 %
$ 479,876
34
Nashville, TN
0.953 %
$ 476,483
35
Las Vegas, NV
0.908 %
$ 454,031
36
Billings, MT
0.856 %
$ 427,828
37
Portland, ME
0.751 %
$ 375,250
38
Salt Lake City, UT
0.747 %
$ 373,632
39
Manchester, NH
0.739 %
$ 369,573
40
Boise, ID
0.721 %
$ 360,328
40
Louisville, KY
0.721 %
$ 360,575
42
Sioux Falls, SD
0.712 %
$ 356,083
43
Fargo, ND
0.673 %
$ 336,384
44
Seattle, WA
0.645 %
$ 322,412
45
Honolulu, HI
0.631 %
$ 315,580
46
Charlotte, NC
0.578 %
$ 289,042
47
New York City, NY
0.532 %
$ 265,788
48
Wilmington, DE
0.507 %
$ 253,662
49
Cheyenne, WY
0.464 %
$ 231,752
50
Virginia Beach, VA
0.444 %
$ 221,875
Dist. of Columbia
1.745 %
$ 872,273
U. S. Average
1.3 %
$ 639,358
* Value: $ 25 million land & structures; $ 12.5M, Machinery & Equipment; $ 10M, Inventories; $ 2.5M, Fixtures
Seattle’ s ETR for industrial properties ranked 44th.