State Government Tax Collections, Property Taxes in Massachusetts
MAPROPTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,416.00
Year-over-Year Change
247.13%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Property Taxes in Massachusetts' trend measures the total property tax revenue collected by the state government of Massachusetts. This metric is important for economists and policymakers to understand state tax policies and fiscal conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total amount of property tax revenue collected by the Massachusetts state government. Property taxes are a key revenue source for state and local governments, making this trend useful for analyzing tax policies, budgets, and the broader economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Policymakers and market analysts use this trend to assess Massachusetts' fiscal health and the state's economic conditions.
Key Facts
- Massachusetts collected $14.2 billion in property taxes in 2021.
- Property taxes account for over 40% of total state tax revenue in Massachusetts.
- Property tax collections have grown by 28% over the past decade in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property tax revenue collected by the state government of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Massachusetts' tax policies, fiscal conditions, and economic environment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess Massachusetts' fiscal health and the state's economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
Related Trends
Coefficient for Residential Carbon Dioxide Emissions, Residential for Massachusetts
EMISSCO2CCLRCBMAA
Monthly State Retail Sales: Food and Beverage Stores in Massachusetts
MSRSMA445
Estimated Percent of People Age 0-17 in Poverty for Massachusetts
PPU18MA25000A156NCEN
Number of Identified Exporters to Israel from Massachusetts
MAISRA475SCEN
All Employees: Leisure and Hospitality: Accommodation and Food Services in Massachusetts
SMU25000007072000001
All Employees: Manufacturing in Massachusetts
MAMFGN
Citation
U.S. Federal Reserve, State Government Tax Collections, Property Taxes in Massachusetts (MAPROPTAX), retrieved from FRED.