National Totals of State Tax Revenue: T01 Property Taxes for the United States
This dataset tracks national totals of state tax revenue: t01 property taxes for the united states over time.
Latest Value
6111.00
Year-over-Year Change
12.85%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic indicator tracks total state property tax revenue in the United States. It provides insights into state and local government finances and economic 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
The National Totals of State Tax Revenue: T01 Property Taxes for the United States series measures the aggregate property tax collections by U.S. state governments. This data point is a key indicator of economic activity, government revenue, and public infrastructure funding.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of state government finance.
Historical Context
Policymakers and analysts use this trend to assess the health of state and local economies and the funding sources for public services.
Key Facts
- Property taxes account for the largest source of state tax revenue.
- State property tax collections have steadily increased over the past decade.
- Fluctuations in this trend can signal changes in housing markets and local economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total amount of property taxes collected by U.S. state governments over time.
Q: Why is this trend relevant for users or analysts?
A: Property tax revenue is a critical funding source for state and local governments, making this trend important for assessing public finances and economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through quarterly surveys of state government finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the health of state and local economies and the funding sources for public services and infrastructure.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau, so there may be a short delay before the most recent figures are available.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T01 Property Taxes for the United States (QTAXT01QTAXCAT2USNO), retrieved from FRED.