Population-Adjusted Real Property Tax Collections

Property tax collections adjusted for population growth and two inflation measures

Note: The Consumer Price Index for All Urban Consumers (CPI-U) is the standard national measure of inflation. State and local governments often favor the Implicit Price Deflator for State and Local Government Purchases (IPDSL), which is intended to capture inflationary increases within state and local government sectors. Note that as a combined state and local measure, the Implicit Price Deflator includes health care and social welfare costs not as pertinent to local governments.
Chart: Walczak Policy Consulting, The SALT Road SubstackSource: U.S. Census Bureau; U.S. Bureau of Labor Statistics; author's calculations. Download imageCreated with Datawrapper