Reports Surveys Property Tax Burdens in all 50 States

"The Lincoln Institute of Land Policy released the annual 50-State Property Tax Comparison Study, a comprehensive analysis of effective property tax rates in each state’s largest city, one rural area in each state, and the District of Columbia," according to an announcement on the Lincoln Institute of Land Policy's website.

The annual study, produced in partnership with the Minnesota Center for Fiscal Excellence, measures 2014 effective property tax rates, defined as "the actual tax payment as a percentage of market value."

Bridgeport, Connecticut leads the list of highest effective property tax rates for homes between $150,000 and $300,000, holding the same position it occupied in 2013. The study also analyzes effective property tax rates for apartment and commercial properties.

According to the study's authors, the data on local property taxes are most valuable when compared to other tax structures around the state and country. According to the announcement, "[s]ome jurisdictions are more dependent on the property tax and have limited alternative options; some have higher income and sales taxes to finance a greater share of the cost of local government."

The announcement also lists out a few of the key insights gleaned from the study's findings.