National Totals of State and Local Tax Revenue: T01 Property Taxes, 4 Quarters Ending for the United States
QTAXT014QEQTAXCAT1USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
805,763.00
Year-over-Year Change
21.05%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic indicator tracks state and local property tax revenue in the United States over a rolling 4-quarter period. It serves as an important measure of fiscal conditions and revenue sources for state and local governments.
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
The National Totals of State and Local Tax Revenue: T01 Property Taxes series provides a comprehensive view of property tax collections by state and local governments across the country. This data is crucial for analyzing government budgets, tax policy, and the economic health of local communities.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of state and local government finances.
Historical Context
Policymakers and analysts closely monitor this property tax revenue trend to assess the fiscal position of state and local governments and their capacity to fund public services.
Key Facts
- Property taxes account for over 70% of state and local tax revenue.
- This metric has shown steady growth over the past decade.
- The Great Recession caused a temporary decline in property tax receipts.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total amount of property tax revenue collected by state and local governments in the United States over a rolling 4-quarter period.
Q: Why is this trend relevant for users or analysts?
A: Property tax revenue is a crucial source of funding for state and local public services, making this trend highly relevant for understanding government budgets and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of state and local government finances conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this property tax revenue data to assess the fiscal health of state and local governments and their capacity to fund public services and infrastructure.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Totals of State and Local Tax Revenue: T01 Property Taxes, 4 Quarters Ending for the United States (QTAXT014QEQTAXCAT1USNO), retrieved from FRED.