- Climate Change and City Hall
- Volume 15 Number 1
- Managing Editor: Mark D. Shroder
- Associate Editor: Michelle P. Matuga
A Convenient Truth: Property Taxes and Revenue Stability
James Alm, Tulane University
Local governments in the United States typically rely on several main sources of own-source revenues, including individual income taxes, general sales taxes, specific excise taxes, fees and charges, and local property taxes. Of these sources, the dominant is by far the property tax. According to the United States Census Bureau (http://www.census.gov/govs/estimate), local property taxes accounted for roughly three-fourths of total local government tax revenues and for nearly one-half of total local own-source revenues (including fees and charges) in 2010.
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