April 2, 2025 - Firms must first determine which property is eligible for taxation, which varies across states, counties, and municipalities. States usually exclude personal use property from TPP tax, instead focusing on business property.

September 22, 2025 - Property tax deadlines and policies for real and personal property in every state where you do business.

October 15, 2025 - New Jersey has the highest effective property tax rate , followed by Illinois and Connecticut. Compare property taxes by county and state.

January 7, 2025 - Explore the property tax rates across all 50 U.S. states. Learn about exemptions, assessment methods, and tips for managing your property tax bill.

If your business or organization owns a lot of equipment, you might decide to move your business to New York, where only real property (like land and the structures attached to it) are subject to taxation. However, New York also has an extremely complicated tax code and some of the highest real estate taxes in the country. Additionally, according to the New York State Department of Taxation and Finance, “Many specific pieces of equipment, which may be considered as personal property in other states are defined as real property under the NYS Real Property Tax Law.”

Since all personal property taxes are state imposed, each jurisdiction may include different types of property in the tax assessment. Additionally, these taxes are often imposed by local governments, such as cities and counties, making the rules even less uniform across the country.

August 29, 2023 - Louisiana has an effective property tax rate of 0.18%. It exempts most household goods, vehicles, and intangible assets from personal property taxation, but it does levy a severance tax on natural resources extracted from the state.

May 7, 2025 - Property tax rates vary by location. Here’s a breakdown of average property taxes by state, and how much you can expect to pay.

September 12, 2025 - Compare property tax rates in all 50 U.S. states. Find out where taxes are highest and lowest in 2025, and see how much you might pay based on home value and location.

September 22, 2025 - While material personal property is taxable in Missouri, any associated installation costs, freight costs, or sales and use tax isn’t subject to property tax. Businesses that aren’t aware of the rule or don’t have a breakdown of the costs ...

3 weeks ago - Most jurisdictions below the state level in the United States impose a tax on interests in real property (land, buildings, and permanent improvements) that are considered under state law to be ownership interests. Rules vary widely by jurisdiction. However, certain features are nearly universal. Some jurisdictions also tax some types of business personal property, particularly inventory and equipment.

(Census does not provide a separate count for each type of property tax.) State governments collected $20 billion from property taxes in 2021, or 1 percent of state general revenue.

Like the county assessor, these officials are governed by state law. ... Unless the California Constitution or federal law specifies otherwise, all property is taxable. Property is defined as all · matters and things—real, personal, and mixed—that a private party can own.

February 18, 2025 - In order to determine the states with the highest and lowest property taxes, WalletHub compared the 50 states and the District of Columbia by using U.S.

September 12, 2025 - This breakdown of property taxes by state in the U.S. includes the states with the highest property tax, states with the lowest property tax, and states with no property tax.

March 8, 2024 - Delaware, Georgia, Idaho, Iowa, Maryland, New Jersey, New Mexico, New York, North Dakota, Ohio, Oregon and Rhode Island have no personal property tax on cars — and don’t charge other annual taxes on most passenger vehicles, either. These 12 states may still charge property taxes on specialized vehicles like construction or farm equipment, and many charge sales or title taxes when a vehicle is transferred to a new owner.

Therefore, you should contact your county assessor for further information about Business Property Statement filing requirements. How does the county assessor arrive at the taxable value for personal property? Generally, the county assessor uses the historical cost reported by the current owner ...

State, local, and foreign income taxes or state and local general sales taxes in lieu of state and local income taxes ... State and local personal property taxes.

April 29, 2025 - Fourteen states broadly exempt tangible personal property from taxation, while another 12 impose taxes on TPP but offer de minimis exemptions to avoid unduly burdening businesses with only a small amount of potentially taxable property. Arizona, Colorado, Idaho, Indiana, Michigan, Montana, and Rhode Island have TPP taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.