National Totals of State Tax Revenue: T01 Property Taxes, 4 Quarters Ending for the United States
This dataset tracks national totals of state tax revenue: t01 property taxes, 4 quarters ending for the united states over time.
Latest Value
24094.00
Year-over-Year Change
13.75%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic trend measures state-level property tax revenue in the United States, providing insight into a key source of state government funding.
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 Tax Revenue: T01 Property Taxes series tracks the total property tax revenue collected by state governments across the country. This metric is an important indicator of state fiscal health and can inform policy discussions around public finance and taxation.
Methodology
The data is collected and aggregated by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
Policymakers and analysts use this data to assess state budget conditions and the relative reliance on property taxes as a revenue source.
Key Facts
- Property taxes account for about one-third of total state tax revenue.
- Residential property taxes make up the largest component of state property tax collections.
- The COVID-19 pandemic impacted state property tax revenues in 2020 and 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property tax revenue collected by state governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: Property taxes are a major source of funding for state governments, so this metric provides insight into state fiscal health and reliance on property tax revenue.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess state budget conditions and the role of property taxes in state revenue streams.
Q: Are there update delays or limitations?
A: There can be a several month delay in the release of this data due to the survey collection process.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T01 Property Taxes, 4 Quarters Ending for the United States (QTAXT014QEQTAXCAT2USNO), retrieved from FRED.