According to the Institute on Taxation and Economic Policy, “On average, poor homeowners and renters pay more of their incomes in property taxes than do any other income group — and the wealthiest taxpayers pay the least.”
The institute issues a report every few years noting the effects of state and local tax policies on residents, by income level. It contends a graduated income tax is the fairest tax, property taxes are more regressive and consumption — sales or excise — taxes are most regressive.
