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National Real Estate Investor
The Top 10 Cities with the Highest Commercial Property Taxes
Beth Mattson-Teig Sep 06, 2017

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Milwaukee, Wis. (Tie)

Commercial Property Tax Rate: 2.85percent

Industrial Property Tax Rate: (#23) 1.57 percent

Multifamily Property Tax Rate: (#9) 2.84 percent

 

Indianapolis

Located at the convergence of eight interstate systems, Indianapolis is known as the Crossroads to America. Its logistical advantage puts it within a day’s drive of 75 percent of U.S. and Canadian population centers. Indianapolis is home to the seventh largest cargo airport in the U.S., which is also the second-largest FedEx hub in the world. Add to that an appealing tax structure and business-friendly regulatory environment, and all the ingredients are present to make this the Midwest’s “go-to’ regional distribution market.

Des Moines, Iowa

Commercial Property Tax Rate: 3.01 percent

Industrial Property Tax Rate: (#16) 1.82 percent

Multifamily Property Tax Rate: (#5) 3.59 percent

 

Columbia, S.C.

Commercial Property Tax Rate: 3.24 percent

Industrial Property Tax Rate: (#1) 4.20 percent

Multifamily Property Tax Rate: (#7) 2.95 percent

 

Aurora, Ill.

Commercial Property Tax Rate: 3.43 percent

Industrial Property Tax Rate: (#11) 2.06 percent

Multifamily Property Tax Rate: (#3) 3.93 percent

 

Providence

Commercial Property Tax Rate:  3.71 percent

Industrial Property Tax Rate:   (#13) 1.95 percent

Multifamily Property Tax Rate: (#21) 1.90 percent

 

Bridgeport, Conn.

Commercial Property Tax Rate: 3.81 percent

Industrial Property Tax Rate:  (#10) 2.09 percent

Multifamily Property Tax Rate: (#4) 3.81 percent

 

Chicago

Commercial Property Tax Rate: 3.86 percent

Industrial Property Tax Rate:  (#14) 1.92 percent

Multifamily Property Tax Rate: (#40) 1.17 percent

 

New York City

Commercial Property Tax Rate: 3.93 percent

Industrial Property Tax Rate:  (#6) 2.36 percent

Multifamily Property Tax Rate: (#1) 5.47 percent

 

Detroit

Commercial Property Tax Rate: 4.09 percent

Industrial Property Tax Rate:  (#2) 2.99 percent

Multifamily Property Tax Rate: (#2) 4.79 percent

 

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