Nantucket has 11,040 Real Property Accounts and 6987 Personal Property Accounts which translates into at total taxable value of $16,844,170,191 (billion) dollars! These tax dollars represent 88% of the income for our town’s General Fund. The remaining 12% comes from exise taxes, licenses, permits, fees and State and local aid, which is only 2% . Since we have the 4th highest valuation in the state, we receive far less funding from the state than other communities.