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BUDGET OF STATE GOVERNMENT



STATE TAXES ON REAL PROPERTY, 2002 - 2011

Fiscal Year Tax Rates
(per $100)
Taxable Base* Public Utilities
Tax Rates**
(per $100)
Public Utilities
Taxable Base
Total Revenue from all real property
2002 .084 $316,704,059,000 .210 $2,161,893,000 $270,571,385
2003 .084 $334,107,638,000 .210 $2,165,542,000 $285,198,054
2004 .132 $358,244,803,000 .330 $1,299,590,000 $477,171,787
2005 .132 $389,915,215,000 .330 $1,323,073,000 $519,054,225
2006 .112 $434,145,726,000 .280 $1,392,322,000 $577,667,021
2007 .112 $491,648,682,000 .280 $1,476,219,000 $554,779,937
2008 .112 $574,094,024,000 .280 $1,078,722,000 $646,005,728
2009 .112 $617,839,711,000 .280 $1,121,525,000 $695,120,746
2010 .112 $679,252,771,000 .280 $1,073,282,000 $763,768,293
2011 .112 .280

*Taxable base is equal to the sum of full-year real property, half-year new construction, and railroad real property minus the homestead tax credit.
**Beginning in FY2002, the real property of public utilities has been taxed at a different rate than other real property (Chapter 80, Acts of 2000).



STATE TAXES ON PROPERTY, 1917 - 2001

Fiscal Year Tax Rates (per $100) Taxable Base Revenue
1917 .32333 $966,017,000 $3,123,000
1918 .36417 $1,005,384,000 $3,661,000
1919 .36750 $1,151,142,000 $4,230,000
1920 .36431 $1,186,529,000 $4,323,000
1921 .36431 $1,277,958,000 $4,656,000
1922 .35333 $1,365,638,000 $4,825,000
1923 .35000 $1,452,168,000 $5,083,000
1924 .30333 $1,622,679,000 $4,922,000
1925 .30154 $1,741,322,000 $5,251,000
1926 .27343 $1,871,967,000 $5,119,000
1927 .27343 $1.993,278,000 $5,450,000
1928 .27393 $2,117,303,000 $5,800,000
1929 .25640 $2,294,479,000 $5,883,000
1930 .25740 $2,402,649,000 $6,184,000
1931 .25000 $2,421,678,000 $6,054,000
1932 .25000 $2,423,169,000 $6,030,000
1933 .25000 $2,337,928,000 $5,845,000
1934 .25000 $2,251,171,000 $5,628,000
1935 .22000 $2,203,209,000 $4,847,000
1936 .22000 $2,213,785,000 $4,870,000
1937 .22000 $2,238,610,000 $4,925,000
1938 .22250 $2,293,233,000 $5,102,000
1939 .23010 $2,317,787,000 $5,333,000
1940 .23350 $2,343,512,000 $5,472,000
1941 .23350 $2,474,362,000 $5,778,000
1942 .23350 $2,562,416,000 $5,983,000
1943 .14000 $2,709,985,000 $3,794,000
1944 .12750 $2,865,080,000 $3,653,000
1945 .12000 $2,882,310,000 $3,459,000
1946 .12000 $2,939,666,000 $3,528,000
1947 .10000 $3,000,375,000 $3,001,000
1948 .10000 $3,153,231,000 $3,153,000
1949 .11130 $3,481,527,000 $3,875,000
1950 .11150 $3,897,478,000 $4,346,000
1951 .12390 $4,162,584,000 $5,157,000
1952 .06000 $4,585,556,000 $2,751,000
1953 .06250 $5,129,252,000 $3,206,000
1954 .06040 $5,769,236,000 $3,485,000
1955 .05670 $6,189,987,000 $3,510,000
1956 .11100 $6,489,209,000 $7,138,000
1957 .10900 $7,206,941,000 $7,856,000
1958 .14250 $7,896,128,000 $11,252,000
1959 .14250 $8,451,024,000 $12,043,000
1960 .13420 $8,863,525,000 $11,895,000
1961 .13750 $9,496,504,000 $13,058,000
1962 .15000 $10,010,774,000 $15,016,000
1963 .15000 $10,663,297,000 $15,995,000
1964 .15000 $11,403,801,000 $17,106,000
1965 .15000 $12,218,409,000 $18,328,000
1966 .18000 $13,032,553,000 $23,459,000
1967 .15000 $14,181,962,000 $21,272,000
1968 .17000 $15,352,428,000 $26,099,000
1969 .17000 $15,948,343,000 $27,112,000
1970 .20000 $17,105,010,000 $34,210,000
1971 .18000 $18,498,303,000 $33,297,000
1972 .18000 $19,930,830,000 $35,875,000
1973 .21000 $21,664,958,000 $45,496,000
1974 .21000 $23,941,491,000 $50,277,000
1975 .21000 $25,117,906,000 $52,748,000
1976 .21000 $28,518,793,000 $59,889,000
1977 .23000 $31,649,860,000 $72,795,000
1978 .23000 $34,539,778,000 $79,441,000
1979 .20000 $36,386,387,000 $72,773,000
1980 .20000 $41,586,107,000 $83,172,000
1981 .20000 $44,365,633,000 $88,731,000
1982 .21000 $47,764,406,000 $100,305,000
1983 .21000 $52,350,608,000 $109,936,000
1984 .21000 $56,724,813,000 $119,122,000
*1985 .21000 $60,832,522,000 $100,734,000
1986 .21000 $66,403,158,000 $110,862,000
1987 .21000 $73,093,131,000 $121,151,000
1988 .21000 $80,570,558,000 $133,644,000
1989 .21000 $87,955,838,000 $147,036,000
1990 .21000 $96,653,555,000 $161,524,000
1991 .21000 $105,124,067,000 $175,269,000
1992 .21000 $114,456,820,000 $191,962,000
1993 .21000 $124,025,338,000 $210,298,000
1994 .21000 $128,921,107,000 $220,360,000
1995 .21000 $132,748,242,000 $225,955,000
1996 .21000 $135,492,160,000 $231,301,000
1997 .21000 $139,090,980,000 $236,311,000
1998 .21000 $144,463,997,000 $242,154,000
1999 .21000 $148,117,594,000 $246,953,000
2000 .21000 $152,852,490,000 $253,356,000
2001 .21000 $121,441,356,000 $254,544,000

*Effective July 1, 1984, the State tax rate on personal property was set at .00000 per $100 of assessment. Personal property became exempt from State property tax effective July 1, 2000.

Source: State Department of Assessments and Taxation

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