Does anybody know this?

How do income and personal property taxes affect businesses.

Income taxes can take so much income away from the entrepreneurs and employees, they can lose heart/incentive.

How to counter that: offer tax deferred options such as 401k. Where money is taken out of the paycheck “pre-tax”, this reduces the taxable income. These funds are put away for such things as retirement income. Taxed when withdrawals are made. Net Income is usually lower after retirement so income tax later in life has less impact.
Our government also”wins” by reducing retiree dependence on Social Security.

Same with pre-tax healthcare incentives.

From economics class we know taxation rate is to be based on “ benefits received and ability to pay”.

Property tax: the more land value you have, the higher this tax will be.
It is all about balance, our taxes pay for fire, police, roads and other infrastructure needs.

Property tax rates considered to be too high, unfair may cause businesses to defer expanding and employees from purchasing a house.

Businesses can reduce tax burdens by working with government entities to offer tax deferment or reductions if they expand.
Business growth brings more jobs, more employees to the communities. Increasing income tax, local sales tax revenue, offsetting some of the “lost” property tax levies.

Look up pro and con of property tax on the web for additional wealth of information. It’s not just about getting an answer for a class, more about real world issues you will soon be wrestling with.