Property taxes as a percent of personal income is a comparative measure of taxes paid both to state and local governments in a state by individuals and businesses. It offers a measure of the tax burden in relation to taxpayers’ ability to pay.
The level of property taxes in Pennsylvania is lower than the U.S. average and many of its competing states. Factors contributing to the comparative levels of property taxation include the tax base, levels of government levying the tax, availability of other local revenue sources, and the level of state aid for education.
Note: Per Capita Income calculated from the Bureau of Economic Analysis (BEA).
|
