Florida ranks 11th best on property tax study

Florida finished 11th in a new study by the Tax Foundation ranking which states have the most business-friendly property tax structures.

The state’s ranking dropped one position from its 2018 score, according to the foundation’s analysis, which is part of a wider study titled “2019 State Business Tax Climate Index.”

All states and the District of Columbia have property tax systems. These taxes are a concern for businesses because often tax rates on commercial property exceed that of residential property, according to the Tax Foundation.

In the foundation’s analysis, the best property tax systems maintain competitive rates and avoid placing levies on intangible property, such as trademarks, and asset transfers. Such taxes can make up more than a third of all taxes paid by businesses to state and local agencies, the study says.

How Do States Measure Up on Property Taxes?

State 2018 Rank 2019 Rank Change in Rank from 2018 to 2019
New Mexico 1 1 0
Indiana 4 2 2
Utah 5 3 2
Idaho 3 4 -1
Arizona 6 5 1
North Dakota 2 6 -4
Missouri 7 7 0
Nevada 8 8 0
Delaware 20 9 11
Montana 9 10 -1
Florida 10 11 -1
Colorado 14 12 2
Ohio 11 13 -2
California 13 14 -1
Alabama 12 15 -3
Hawaii 16 16 0
Oregon 18 17 1
West Virginia 17 18 -1
Oklahoma 15 19 -4
Kansas 19 20 -1
Wisconsin 26 21 5
Michigan 21 22 -1
Alaska 38 23 15
Georgia 23 24 -1
Washington 27 25 2
Arkansas 22 26 -4
South Carolina 24 27 -3
South Dakota 25 28 -3
Tennessee 29 29 0
Virginia 31 30 1
Minnesota 28 31 -3
Louisiana 30 32 -2
North Carolina 32 33 -1
Pennsylvania 33 34 -1
Kentucky 36 35 1
Mississippi 35 36 -1
Texas 37 37 0
Wyoming 34 38 -4
Iowa 39 39 0
Nebraska 40 40 0
Maine 41 41 0
Maryland 42 42 0
Rhode Island 43 43 0
New Hampshire 44 44 0
Illinois 45 45 0
Massachusetts 46 46 0
New York 47 47 0
New Jersey 50 48 2
Vermont 48 49 -1
Connecticut 49 50 -1



Source: Tax Foundation

This article was first published on Watchdog.org.

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