The most important way of revenue collection in a country are taxes. Tax collection has been present in each historical period and has evolved in accordance with the level of social development. Tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, ,taxes on the ownership and transfer od property and other taxes. This study is analizing taxes of property. Property taxes are one od the oldest types of taxes which taxes the possession of the property. The tax burden is measured by taking the total tax ravenues received as a percentage od GDP. The European average tax rate is 3,8% and is similar to the global average, However, the rates of the large Western European countries, such as Spain (8%), France (5,1%) and Germany (5%), are above the global average. Republic of Croatia is way bellow that average and is about 1%. We can make a conclusion that in the Republic of Croatia property is taxed significantly less then in other countries. Although they have a minor importance in the modern tax systems, the revenues from property taxation are stil lan important source for financing the local budgets. In Croatia exist the real estate taxation on property transactions. While most of the members of European Union know the real property tax as the main property tax. As the land is an immobile asset, property taxes on the value of the land are generally seen as an efficient way to raise tax revenue.