State Government Tax Collections, Property Taxes in Ohio
OHPROPTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1942 - 1/1/2013
Summary
The 'State Government Tax Collections, Property Taxes in Ohio' trend measures the total amount of property taxes collected by the Ohio state government. This metric is important for economists and policymakers to analyze the state's fiscal position and tax revenue sources.
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 tracks the quarterly property tax collections by the Ohio state government. Property taxes are a major revenue source for state and local governments, and monitoring this data helps assess economic conditions and the funding available for public services.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to understand Ohio's tax structure and revenue streams.
Key Facts
- Ohio collected $6.1 billion in property taxes in 2021.
- Property taxes account for over 30% of Ohio's state tax revenue.
- Ohio's property tax collections have grown by 18% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the Ohio state government. Property taxes are a major revenue source for state and local governments.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Ohio's property tax collections is important for understanding the state's fiscal position, economic conditions, and the funding available for public services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Ohio's tax structure and revenue streams, which informs decisions about budgeting, taxation, and public spending.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Property Taxes in Ohio (OHPROPTAX), retrieved from FRED.