Plunge of the property tax.

• Position: Stateline - Brief Article

State and local governments rely half as much on property taxes today as they did a century ago, says a new report, The Role of Property Taxes in State and Local Finances, by NCSL. Other state and local fees and taxes, including those on sales and income, are creating an increasingly larger portion of total state-local revenues. The property tax provided 82 percent of total state and local tax collections in 1902. By...