Analysis: Connecticut ranks worst on property tax study


Connecticut finished 50th in a new study by the Tax Foundation ranking of 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.

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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

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