Property Tax Revenues at All-time High.

Property tax collections throughout the United States are expected to reach a record high of $232 billion in 1999, surpassing 1998's high of $230 billion. Experts predict that approximately 95 percent of that amount ($221 billion) actually will be collected. Of the total amount, local governments will collect the vast majority ar $220.7 million. State governments are predicted to collect the remaining $11. S billion. Property taxes accounted for 73 percent of all local tax collections...