National Totals of State and Local Tax Revenue: T01 Property Taxes for the United States
QTAXT01QTAXCAT1USYES • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
203,375.00
Year-over-Year Change
22.08%
Date Range
1/1/2009 - 1/1/2025
Summary
The National Totals of State and Local Tax Revenue: T01 Property Taxes for the United States measures the total amount of property taxes collected by state and local governments across the country. This metric is a key indicator of economic activity and government revenue.
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 economic trend represents the aggregate value of property taxes levied by state and local jurisdictions in the United States. Property taxes are a major source of revenue for many state and local governments, and this data can provide insights into real estate market conditions, local government budgets, and broader economic trends.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Policymakers and analysts use this data to assess the fiscal health of state and local governments, as well as to understand broader economic and real estate market conditions.
Key Facts
- Property taxes account for over $500 billion in annual revenue for state and local governments.
- The property tax is the largest source of tax revenue for local governments in the U.S.
- Property tax collections have grown steadily over the past decade, reflecting rising home values.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by state and local governments across the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the fiscal health of state and local governments, as well as broader economic and real estate market conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the fiscal condition of state and local governments and understand broader economic and real estate market trends.
Q: Are there update delays or limitations?
A: The data is released quarterly with a slight delay, and may be subject to revisions as state and local governments finalize their tax collections.
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Citation
U.S. Federal Reserve, National Totals of State and Local Tax Revenue: T01 Property Taxes for the United States (QTAXT01QTAXCAT1USYES), retrieved from FRED.