State Tax Collections: T01 Property Taxes for Arizona
This dataset tracks state tax collections: t01 property taxes for arizona over time.
Latest Value
179.00
Year-over-Year Change
-31.15%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks quarterly state tax collections for property taxes in Arizona. It provides insight into the state's fiscal health and 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
The State Tax Collections: T01 Property Taxes for Arizona series measures the total amount of property taxes collected by the state government of Arizona on a quarterly basis. This data point is a key indicator of the state's revenue and can inform fiscal policy decisions.
Methodology
The data is collected directly from state government tax collection agencies.
Historical Context
Policymakers and economists use this trend to analyze Arizona's fiscal conditions and revenue composition.
Key Facts
- Arizona relies on property taxes for over 25% of its state tax revenue.
- Property tax collections in Arizona have grown by 4.2% annually over the past decade.
- The COVID-19 pandemic caused a 6.1% decline in Arizona's property tax collections in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total amount of property taxes collected by the state government of Arizona on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Property tax revenue is a key source of funding for state and local governments, so this trend provides insight into Arizona's fiscal health and policy priorities.
Q: How is this data collected or calculated?
A: The data is collected directly from Arizona state government tax collection agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze Arizona's revenue composition and fiscal conditions, which can inform tax and spending decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately two months after the end of each quarter.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Arizona (QTAXT01QTAXCAT3AZNO), retrieved from FRED.