September 12, 2023By: Andrey Yushkov Property taxes are the primary tool for financing local governments and generate a significant share of state and local revenues. In fiscal year 2020, property taxes comprised 32.2 percent of total state and local tax collections in the United States, more than any other source of tax revenue. Local governments rely heavily on property taxes to fund schools, roads, policeContinue reading “Where Do People Pay the Most in Property Taxes?”