Topic: Property Tax

Access Property Tax Database

Property Tax Fundamentals

This section covers the basic property tax structure established by each state, including definitions of real property; treatment of personal property; and transfer charges imposed when properties change hands. States may also set limits on rates, on assessment increases (for example, some states freeze property value until property changes hands), on the amount the property tax levy may increase from year to year, and on the total revenues collected or expenditures made during the year. This section includes local property tax rates, as reported by the states.

 


 

The Property Tax Base

The property tax base starts with monetary values that are placed on taxable property by the taxing authority. All states recognize market value (also sometimes called true value, just value, or actual value) as a standard for assessment, though not all states strictly apply that standard. Many states do not allow taxation of the full value of property, but rather apply assessment ratios to reduce values before the tax rate is applied. Some states classify property by its use, with different tax rates or assessment ratios for different classes of property.

 


 

Property Tax Relief and Incentive Programs

All states have tax provisions to encourage particular land uses and to provide property tax relief to selected classes of owners. Property tax relief and incentive programs are grouped here according to their objectives and structure. They include tax relief to residential property owners, provisions to encourage economic development, to reduce taxes on certain types of property (e.g., agricultural or open space), and programs to encourage specific types of property improvement. They may offer relief by applying a different value standard (e.g., use value) or through exemptions, credits, or deferral of payments.

 


 

State-by-State Property Tax in Detail

The state-by-state property tax in detail presents key features of the property tax system in each of the 50 states and the District of Columbia. Most of the material in this section is also available in other tables on the site. However, there is additional information here on the number of taxing authorities in each state, assessment administration practices in each state, and on organizations or properties that are completely exempt from the property tax.

Significant Features of the Property Tax®️

This online database presents data on the property tax in all 50 states and the District of Columbia. Because accurate data provide the critical foundation for sound governmental decision-making, the Lincoln Institute of Land Policy and the George Washington Institute of Public Policy joined in a partnership to provide information and support public policy concerning the property tax, probably the most controversial tax in the United States. The term “Significant Features” pays tribute to the work of the Advisory Commission on Intergovernmental Relations, which from 1959 to 1996 provided a wealth of research on the functioning of the federal system, particularly through its flagship publication, Significant Features of Fiscal Federalism. For more information, please access this user guide to the site.

Research on Land Policy and Urban Development in Latin America and the Caribbean

Submission Deadline: January 15, 2024 at 11:59 PM

This RFP will open on November 15, 2023.

The Lincoln Institute of Land Policy invites proposals for original research on land policies and urban development in Latin America and the Caribbean. Our objective is to understand how land policies are overcoming—or can overcome—systemic challenges to sustainable development in the region, including housing affordability and informality, spatial segregation, fiscal autonomy, and climate change. We need to think holistically to produce structural changes to address these challenges, so we are seeking to shed light on current policy debates across the region on key research areas of interest to the Lincoln Institute. These areas include the implementation of land-based financing instruments for infrastructure finance and fiscal stability, approaches to informal settlements’ upgrading and regularization, policies to reduce housing deficits, and enabling nature-based solutions for climate action.

Application guidelines and proposal submissions are also available in Spanish and Portuguese.


Details

Submission Deadline
January 15, 2024 at 11:59 PM

Keywords

Adaptation, Climate Mitigation, Housing, Inequality, Informal Land Markets, Infrastructure, Land Market Regulation, Land Use, Land Use Planning, Land Value, Municipal Fiscal Health, Planning, Property Taxation, Public Finance, Public Policy, Urban Development, Urban Upgrading and Regularization, Value Capture, Water

Requests for Proposals

Research on Municipal Fiscal Health and Land Policies

Submission Deadline: February 5, 2024 at 11:59 PM

The submission deadline has been extended from January 29 to February 5, 2024. 

The Lincoln Institute of Land Policy invites proposals for original research that can be applied to address the challenge of promoting the fiscal health of municipal governments in a range of contexts and institutional settings across the world. We are particularly interested in research that explores the ways sound urban planning, land-based taxation, and economic development combine with disciplined financial management to promote prosperous, sustainable, equitable, and fiscally healthy communities.

Research proposed should examine some of the most pressing questions that local officials around the world are confronting in the fiscal policy arena, with an emphasis on the implications for local land policy and planning decisions.


Details

Submission Deadline
February 5, 2024 at 11:59 PM

Keywords

Development, Economic Development, Housing, Infrastructure, Land Use Planning, Land Value, Land Value Taxation, Land-Based Tax, Local Government, Municipal Fiscal Health, Property Taxation, Public Finance, Public Policy, Urban Development, Value Capture, Value-Based Taxes, Zoning

Partial definition of the word land on a dictionary page
President's Message

Defining Moments in Land Policy

By George W. McCarthy, October 18, 2023

 

We can trace the origins of the Lincoln Institute to a chance encounter between a Cleveland inventor and industrialist and a barnstorming political economist in the 1890s. John C. Lincoln, an engineer who invented arc welders, high-torque electric motors, braking systems for streetcars, and even an electric car, was deeply moved by Henry George’s impassioned account of the stubbornness of urban poverty in the face of the unprecedented wealth generated by the Industrial Revolution. Lincoln subsequently devoted years of his life—and a big chunk of his fortune—to advancing George’s ideas for social improvement.

George showed in a powerful and persuasive way that poverty was the result of distributive injustice. The wrong people were benefiting from economic growth. Idle landowners could sit and watch land values increase exponentially, while the productive classes, labor and capital, were taxed to support the government. George proposed replacing corporate and income taxes with a new tax that expropriated the unearned value of land from its owners. He estimated that land tax revenue would be sufficient both to eliminate poverty and to fund the government.

Given his own disposition toward social justice, ethics, efficiency, and basic fairness, this proposition resonated with John Lincoln. But the failure of George’s policy prescriptions to gain any political traction mystified him. One reason he could see was the lack of general academic embrace of George’s analytics and his conclusions. Quite frankly, except for a handful of universities like Columbia, UC–Berkeley, or the University of Chicago, George’s work was marginalized if it was taught at all.

It was never considered a mainstream component of the training of economists or political scientists. Lincoln decided to remedy this by creating the Lincoln Foundation and partnering with universities to establish programs in land economics and taxation. And that’s what the Lincoln Foundation did from 1946 until 1974. In 1974, John’s son, David C. Lincoln, took a hard look at the impact of the foundation’s efforts to mainstream land economics and taxation in the fields of economics and political science. He was underwhelmed. The programs supported with the foundation’s resources were evanescent and land economics remained specialized in a few universities. He decided to try a new approach and established the Lincoln Institute of Land Policy to bring research and training under our own roof. And David was clear about one thing that he often repeated: “Henry George’s work was not about promoting the land tax—it was about eliminating poverty.” Thus, the Lincoln Institute was founded on the notion that land policy was not an end, but a means to solve bigger economic, social, and environmental challenges.

With that clarity, measurable impact quickly followed. In the 1980s, the arrival of Boston lawyer and conservationist Kingsbury Browne as a Lincoln Institute fellow led to the scaling up and national networking of private land conservation in the United States. Today, members of the Land Trust Alliance, an organization that evolved from Browne’s work, have protected more than 57 million acres of private land in perpetuity in the United States. In the 1990s, the Lincoln Institute invented computer-assisted mass appraisal. Systems built on that legacy are now used by local governments everywhere. In the 2000s, new international programs in Latin America supported, tested, and documented modern land value capture tools and techniques. Dozens of countries and thousands of jurisdictions are now studying ways to use these tools to mobilize their own public revenue. In the 2010s, the Lincoln Institute went global, establishing the International Land Conservation Network to promote private land conservation and sharing our work on the global stage at venues like Habitat III.

There is an important point here (and I know I buried the lede): we accomplished decades of significant work even though we could not easily define the discipline in which we operated. Over the last few years, we’ve been trying to rectify that. This spring, the board and management of the Lincoln Institute tried to effectively define land policy. By effectively, I mean clearly, accessibly, and efficiently. We found the task so daunting that we even consulted artificial intelligence. In my spring column, I shared our challenges and asked for your help. I asked you to submit your best definitions of land policy and offered a prize.

I’m delighted to report that we got many submissions. They ranged from the artistic to the theological. They arrived from four continents, with the furthest submission coming from New Zealand. They came mainly from individuals, but included a group effort from a network of 40 practitioners in Latin America. They ranged in length from 12 to 548 words. I even submitted my own definition.

While the judges were duly impressed with the scope and creativity of the submissions, I’m afraid I have unsettling news for the Luddites among us: they did not think we outperformed the AI bot. To remind you, here is the 85-word definition offered by ChatGPT:

Land policy refers to the rules and regulations that govern the use, ownership, and management of land. It involves making decisions about how land should be used, who should have access to it, and what activities are permitted on it. Land policy can affect a wide range of issues, from urban development and environmental conservation to property rights and social equity. Its goal is to balance the interests of different stakeholders and ensure that land is used in ways that benefit society as a whole.

That doesn’t mean, however, that accolades aren’t due. In the view of the judges, the best submission was from Harvey Jacobs:

Land policy is about the rules, the culture that underlies those rules, and the social expectations for the use of land. It draws together government, the market, and private actors. It has formal and informal outputs. Formal outputs are often plans, regulations, and programs. Informal outputs are often socially accepted patterns for how land is to be used and our behavior upon land.

The most economical submission was a haiku written by PD Blumenthal—

Use, control, share land
Protect earth, water, and air
To benefit all

—and the most creative submission was a poem entitled “A More Stealthy Georgist Cat,” by David Harold Chester. It is too long to reprint here, but you can read it in its entirety elsewhere on our site.

The pithiest submission was from Ben Brown:

Land policy is the bundle of rules through which governments formalize wishful thinking for responding to competing demands for land use in a future that is both inevitable and uncertain.

Even though we haven’t yet outperformed artificial intelligence, I am very happy with the outcome of this exercise. It affirms a couple of important things. First, land policy has a vast scope, and it touches many aspects of life. As such, maybe it is okay that it eludes easy definition. Second, it is possible to spend years doing something that you cannot easily explain. I’m guessing land policy experts aren’t the only people who cannot explain at get-togethers with their extended families what exactly they do.

It occurs to me that the problem might be taxonomical. In taxonomy, it might be harder to define a classification than it is to give an example of something in that classification. For the life of me, I can never remember the differences between class, order, family, genus, or species, but if pressed I can give an example of something in each.

In the end, I’m going to give everyone who submitted an entry in the contest a book of their choice from our impressive and ever-expanding library of land policy publications. In addition, I will give the authors of each of the four distinguished submissions above their choice of five books each.

It was a great exercise, and we appreciate the thought and effort put into all the submissions. We appreciate even more your collegiality, and we’re honored to share this hard-to-define endeavor with all of you. What started with a chance encounter between a barnstorming reformer and an inventor more than a century ago is even more relevant today: finding answers in land to improve the quality of life.

 


 

Lead image: Devonyu via iStock/ Getty Images Plus.

Other Events

2023 Journalists Forum

November 17, 2023 - November 18, 2023

Cambridge, MA United States

Offered in English

The Lincoln Institute’s 2023 Journalists Forum, held November 17–18 in Cambridge, Massachusetts, explored innovations in housing affordability. Access to affordable housing has become a central issue of our times, with overburdened renters, yawning gaps in ownership rates between minority and white households, and a demand for housing that far outstrips the supply. Journalists covering housing were invited to step back and consider the often-underreported fundamental elements driving the affordability crisis, especially as they relate to land use management and fiscal and financial systems. Over the course of two days, participants explored current policy interventions, innovative solutions, and emergent debates that go to the root causes of the current housing crisis. The Journalist Forum resources are available as an online library.

Media Coverage

Welcome and Opening

Friday, November 17

Speakers

  • George W. “Mac” McCarthy, CEO and president, Lincoln Institute of Land Policy
  • Monté Foster, retail market president New England, TD Bank
  • Keynote: Arthur Jemison, director, Boston Planning & Development Agency

Setting the Stage with an Interactive Discussion: State of the Nation’s Housing

Speakers

  • Daniel McCue, Joint Center for Housing Studies

Further Reading

Interventions: Zoning Reform

As more states from California to Connecticut pursue statewide zoning reform and face backlash by local governments seeking to retain control over land use, it is important to explore: What are the challenges facing states that seek to implement statewide land use reform? What do we know about the effects of changing land use regulations on housing supply and housing prices? When can we realistically expect to observe the results of these policies on the ground?

Speakers

  • Jessie Grogan, associate director, Reduced Poverty and Spatial Inequality, Lincoln Institute
  • Patrick Condon, University of British Columbia
  • Jenny Schuetz, Brookings Institution
  • David Garcia, Terner Center at UC Berkeley
  • Journalist moderator: Diana Lind 

Further Reading

Interventions II: Tax Policy

Cities are considering the effects of their tax systems on housing affordability. In Detroit, a land value tax has been proposed to lower residential taxes and encourage development. A well-functioning property tax based on market value might play a similar role in other jurisdictions. The design of property tax relief programs and homestead exemptions also has important implications for affordability.

Speakers

  • Jay Rising, chief financial officer, City of Detroit
  • Nick Allen, MIT
  • Joan Youngman, Lincoln Institute of Land Policy
  • Ron Rakow, Lincoln Institute of Land Policy
  • Journalist moderator: Liam Dillon 

Further Reading

Interventions III: Institutional Investors

Private sector actors are purchasing residential properties at significant rates, especially in cities with traditionally weak real estate markets. Affordable housing advocates seek to analyze who is buying up local properties, when, where, and over what period, to inform a series of real estate, capital, and other interventions. This session looks at attempts to manage institutional investors who are buying, flipping, or charging often-high rents for properties in legacy cities and elsewhere, using data available through new mapping tools; with special attention to the case study of Cincinnati, where bond financing was used to purchase nearly 200 fixer-uppers, outbidding outside investors.

Speakers

  • Aftab Pureval, Mayor of Cincinnati (on video)
  • Robert J. McGrail, Lincoln Institute of Land Policy
  • Jeff Allenby, Center for Geospatial Solutions, “Who Owns America” initiative
  • David Howard, CEO, National Rental Home Council
  • Journalist moderator: Loren Berlin 

Further Reading

 

Welcome and Opening

Saturday, November 18

 

Speakers

  • Chris Herbert, Joint Center for Housing Studies, Harvard University

State of the Nation’s Housing Design

Speakers

  • Dan D’Oca, Harvard University Graduate School of Design–Joint Center for Housing Studies

Innovations in Financing

After the Community Reinvestment Act and the financial crisis of 2008, a reset has been in the works for both individuals and neighborhoods to access capital, to help close the racial homeownership gap. Should homeownership be so actively encouraged? Will tweaks to the home financing system really have impact? What role can mortgage markets play in facilitating access to housing for households with lower incomes?

Speakers

  • Jim Gray, senior fellow, Lincoln Institute of Land Policy, Underserved Mortgage Markets Coalition and Innovations in Manufactured Homes Network (I’m HOME) program
  • Chrystal Kornegay, MassHousing
  • Majurial (MJ) Watkins, community mortgage sales manager, TD Bank
  • Chris Herbert, Joint Center for Housing Studies, Harvard University
  • Journalist moderator: Chris Arnold 

Further Reading

Proposals and Provocations: A Discussion with the Lincoln Institute

This session synthesizes the approaches the Lincoln Institute is currently taking to help address the housing affordability crisis in the United States. Lincoln Institute staff present key ideas of our work at the intersection of land and housing, and provoke a conversation by asking the audience: What will it take to cover these issues? How do we make them accessible to large and diverse audiences? What topics or angles might be missing in our work?

Speakers

  • Equity and Opportunity for Affordable Housing—Jessie Grogan and Semida Munteanu
  • The Federal Government’s Role: Underserved Mortgage Markets Coalition, I’m HOME (manufactured homes)—Arica Young
  • Capital Absorption as a Platform in Housing for Racial Equity and Health—Omar Carrillo Tinajero, director of partnerships and initiatives, Center for Community Investment
  • Greening Without Displacement—Amy Cotter, director, Climate Strategies
  • Moderator: David Luberoff, Joint Center for Housing Studies

Further Reading

Practicing the Craft

Traditional concluding roundtable of journalists talking about the challenges of covering housing; looking ahead to new frameworks and narratives, storytelling methods, and better use of data and graphics.

Facilitators

  • Paige Carlson-Heim, TD Charitable Foundation
  • Shelley Silva, TD Bank
  • Anthony Flint, Lincoln Institute

Details

Date
November 17, 2023 - November 18, 2023
Location
Lincoln Institute of Land Policy
113 Brattle Street
Cambridge, MA United States
Language
English

Keywords

Community Development, Housing, Land Banking, Land Trusts, Land Use, Land Use Planning, Land Value, Land Value Taxation, Land-Based Tax, Local Government, Mapping, Planning, Property Taxation, Reuse of Urban Land, Spatial Mismatch, Stakeholders, Sustainable Development, Transport Oriented Development, Urban Design, Urban Development, Urban Revitalization

Course

Máster en Políticas de Suelo y Desarrollo Urbano Sostenible

January 15, 2024 - March 19, 2025

Online

Offered in Spanish


El máster en Políticas de Suelo y Desarrollo Urbano Sostenible es un programa académico online en español que reúne de manera única los marcos legales y herramientas que sostienen la planificación urbana, junto con instrumentos fiscales, ambientales y de participación, desde una perspectiva internacional y comparada. El programa está dirigido especialmente a estudiantes de posgrado y otros graduados con interés en políticas urbanas desde una perspectiva jurídica, ambiental y de procesos de participación, así como a funcionarios públicos. Los participantes del máster recibirán el entrenamiento teórico y técnico para liderar la implementación de medidas que permitan la transformación sostenible de las ciudades.

El programa fue pensado de manera modular: los participantes pueden elegir realizar uno, dos o tres módulos, cada uno de los cuales otorga el diploma de experto universitario. Si llevan a cabo los tres módulos y finalizan con éxito el programa de fin de máster, obtienen el título de máster de formación permanente, otorgado por UNED.


Details

Date
January 15, 2024 - March 19, 2025
Registration Period
September 11, 2023 - November 30, 2023
Location
Online
Language
Spanish
Educational Credit Type
Lincoln Institute certificate

Keywords

Climate Mitigation, Development, Dispute Resolution, Environmental Management, Exclusionary Zoning, Favela, Henry George, Informal Land Markets, Infrastructure, Land Market Regulation, Land Speculation, Land Use, Land Use Planning, Land Value, Land Value Taxation, Land-Based Tax, Local Government, Mediation, Municipal Fiscal Health, Planning, Property Taxation, Public Finance, Public Policy, Regulatory Regimes, Resilience, Reuse of Urban Land, Urban Development, Urbanism, Value Capture