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Forbes: Des Moines a 'high-tax' town

October 21, 2008

Des Moines ranks as America's seventh most taxing town for individuals in a new Forbes Magazine ranking:

Like several other cities with fairly high tax burdens, Des Moines doesn't levy its own income or sales tax; that honor belongs to Iowa. What accounts for Des Moines' high ranking? Property tax, which the city charges at a rate of $4.59 per $100 on 45% of a home's assessed value.

The "top" spot goes to Philadelphia, home of the illustrious tax professor Jim Maule. Our condolences, Professor.

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