United States yearbook - 1982 (1)

2 9 6 State and Local Government Finances and Employment
No. 492, G r o s s A s s e s s e d V a l u e o f P r o p e r t y a n d G o v e r n m e n t R e v e n u e F r o m P r o p e r t y
Taxes: 1966 to 1979
[In billions of dollars, except percent. Minus sign ( - ) denotes decrease]
ITEM 1968 1971 1973 1976 1976 1978 1979
Gross assessed value of property...................................... 499.0 717.8 872.6 1,096.3 1,229.1 1,509.7 *1,678.8
Slate assessed................................................................... 41.6 53.5 59.4 74.8 84.8 108.4 113.5
Locally assessed.............. .......................... 457.4 664.2 813.2 1,021.5 1,144.3 1,401.3 1.565.3
Beal properly................... ...........„..... 393.2 573.9 704.6 881.6 992.5 1,212.6 1,358.5
Percent of locally assessed .... .................... 86.0 86.4 86.6 86.3 86.4 66.4 86.8
Net assessed value ot locally taxable property4..................... 484.1 894.6 845.0 1,062.9 1,189.4 1,443.2 1,607.3
Percent of gross a s s e s s e d .......................... 97.0 96.8 96.6 97.0 96.8 95.8 95.7
REVENUE FROM PROPERTY TAXES
Total revenue, State and loeal 24.7 37.9 46.3 51.5 57.0 66.4 64.9
Percent of general revenue 29.7 26.1 23.8 22.6 22.3 21.0 18.9
Percent o f tax revenue.... . 43.6 39.9 37.4 36.4 36.3 34.3 31,6
Revenue, State governments .6 1,1 1.3 1.5 2 .1 2.4 2.5
Percent of a l l revenue..... 1.5 1.1 1 . 0 .9 1.1 1.1 1.0
Percent of tax revenue..... 2.8 2 , 2 1 . 9 1.8 2.4 2.1 2 . 0
Ravsnus, local governments 23.8 36,7 44.0 50.0 54,9 64.1 62.5
Annual average p e rc e n t change from prior year shown.... *9.3 9.0 7.6 6.6 9 .7 8.1 —2,8
Percent of all revenue.................... .............. 40.2 36.4 34.1 3 2 .2 30.8 29.9 • 26.6
Percent ot tax revenue................................................... 87.1 84.6 82.9 81.6 81.2 80.0 77.5
. 'includes 1978 value data tor 13 States. See footnote 6, table 493. ’Value subject to local general property taxation,
in c lu d in g State-assessed property, after deduction of partial exemptions. ’Change from 1965.
Source: U.S. Bureau ©1 the Census, C e n s u s o f G o v e rn m e n ts: 1 9 6 7 a n d 1 9 7 7 , vol. 2, P ro p e rty V a lu e s S u b je c t to L o c a l G e n e ra l
P ro p e rty T a x a tio n in th e U n ite d S ta te s : t9 7 3 , 7 97 5, 1 979, a n d 1 979, series GSS Nos. 80, 9 2 , and 9 8 ; and G o v e rn m e n ta l P ra n c e s ,
senes GF, No. 5. annual.
N o . 493. G r o s s A s s e s s e d V a l u e o f P r o p e r t y S u b j e c t t o L o c a l G e n e r a l P r o p e r t y T a x a t i o n
a n d R e v e n u e F r o m P r o p e r t y T a x , 1 9 7 9 — S t a t e s
fin billions of dollars, except percent. Excludes value of totally exempt property. U.S. figures excluding partla/ly exempt property
amounted to a net value of $1,607 billion In 1978. Excluded from property tax base were: (1) Property owned by nonprofit and
other qualifying groups or institutions (used for government, religion, nonprofit medical care, and education); (2) new Industrial
plants exempt for stated periods of time as inducement to new Industry; and (3) property exempted by specific legislative action]
G R O S S V A L U E
O F P R O P E R T Y
S T A T E A N O L O C A L
G O V E R N M E N T R E V E N U E F R O M
G R O S S V A L U E
O F P R O P E R T Y
S T A T E A N O L O C A L
G O V E R N M E N T R E V E N U E F R O M
P R O P E R T Y T A X
P R O P E R T Y T A X
u.s...
Ala.......
Alaska1
Ariz......
Ark..__
Calif.*...
Colo.......
Conn....
Del.......
D.C......
Fla......
Ga........
Hawaii f
Idaho....
...
In d ........
Iowa.....
Kans....
Ky-----
La.......
Maine...
Md.a.....
Mass ....
Mich.4...
Minn.4...
Miss.....
Total
assessed
Locally
assessed
Total
Percent of—
General
revenue
Tax
revenue
S T A T E
Total
assessed
Locally
assessed
Total
Percent of—
General
revenue
Tax
revenue
1,678.8 1,588.3 64.9 18.9 31.6 Mo_____ 17.3 15.2 1.0 16.9 26.3
6.5 6.9 .3 5.7 11.6 Nebr........ 11.6 11.6 .6 25.4 43.4
18.6 11.0 .3 16.7 32.4 Nev......... *6.6 *6.0 .2 19.0 31.5
7.2 4.9 .9 22.2 35.2 N.H......... 10.7 10.7 .4 34.2 60.0
4.6 3.7 .3 10.8 21.1 NJ_____ •97.1 *97.0 3.7 31.6 47.4
132.9 125.4 6.0 15.3 25.2 N. Mex.... 5.5 3.0 .2 6.5 15.6
12.4 11.2 .9 19.7 33,6 N.Y......... *89.7 *85.0 6.5 22.7 35.2
37.1 37.1 1.4 30.2 45.1 N.C......... *79.0 *71.1 .9 13.2 22.9
3.9 3.9 .1 8.9 16.0 N.Dak.\... .8 .8 .2 16.1 33.9
13.1 13.1 .2 10.6 24.2 O tu o ......... 69.4 51.6 2.8 20.1 33.9
156.2 157.7 2.2 18.6 32.0 Okla........ . 6.6 5.4 .4 11.0 19.8
36.9 33.4 1.1 14.7 27.9 Oreg....... 64.1 59.7 .9 20.5 38.2
15.1 15.1 .2 9.5 15.9 Pa........... *27.6 *27.6 2.7 16.0 25.0
2.9 2.5 .2 17.7 31.9 R.I........... *8.1 *8.1 .4 24.3 41.0
*87.2 “65.8 3.9 23.0 35.0 S.C......... *2.6 *2.1 .4 12.2 22.2
*17.0 ■15.3 1.3 2Q.0 33.0 S.Dak...... 4.4 4.2 .2 24.1 46.3
58.6 53.6 1.0 23.2 37.9 Tenn........ 13.6 12.3 .7 12.8 23.4
10.0 8.4 .8 24.6 40.7 Tex.......... 64.6 64.4 3.7 20.8 36.S
47,6 43.0 .5 9.9 17.7 Ulan........ S.2 4.2 .3 16.1 26.6
*6.1 *6.7 A 6.8 12.6 V(..„... . 6.2 6.2 .2 22.5 39.8
15.7 15.7 .3 21.6 37.9 Va........... 85,5 79.5 1.1 10.2 27.3
37.3 31.1 1.1 15.8 26.2 Wash.... . 78.7 75.0 1.2 17.5 31.1
43.9 43.2 3.t 29.8 46.4 W. Va...... *12.4 *10.4 .2 9.5 16.9
*72.5 *72.5 3.5 21.5 35.8 Wis......... 56.0 51,1 1.6 20.6 33.9
*15.9 ‘15.6 T.3, 162 28.4 Wyo......... 3.8 1-2 .2 21.5 39.7
*4.3 *3,4 .3 10.7 21.6
Assessed values exclude $4,326 million ot property value In the unorganized territory. ’ Decreased property tax collections
due to legal limitations. 3Ail assessment is performed by a State agency but assessed values are shown here ae "locally
a?2?jS. »'or comparability with other States. 4Two sets of values are locally recorded for taxable property. For comparability
wrth data lor other States, assessed values shown here pertain to final values against which tax rates are applied, rather than to
preliminary full and true," “true and full," and "market," or (in Illinois) local unadjusted values. 6State*equalized values, which
ere the legal values (or levy of authorized tax rales within State. *1978 value.
Source: U.S. Bureau of the Census, P ro p e rty V a lu e s S u b je c t to L o c a l G e n e ra l P ro p e rly T a x a tio n In th e U n ite d S ta te s : 1 9 7 9 ,
senes GSS No. 96 and G o v e rn m e n ta l F in a n c e s in 19 7 8 -7 9 , series GF 7 9 , No. S.