Property Taxes are Declining as a Share of Income

Change in income, sales, and property tax collections as a share of personal income

Note: Shows percent change in share of income. In 2023, income (PIT and CIT) and property taxes comprised 2.8% of personal income each and sales tax collections were equal to 2.5% of personal income.
Chart: Walczak Policy Consulting, The SALT Road SubstackSource: U.S. Census Bureau; U.S. Bureau of Economic Analysis; author's calculations. Download imageCreated with Datawrapper