State Tax Collections: T01 Property Taxes for Connecticut
This dataset tracks state tax collections: t01 property taxes for connecticut over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2013
Summary
This data series tracks property tax collections for the state of Connecticut. It is an important metric for understanding state and local government finances, as property taxes are a major revenue source.
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 Connecticut series measures the quarterly total of property tax collections within the state. This provides insight into the fiscal health and budgeting of Connecticut's state and municipal governments.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to assess state and local government revenue trends and their impact on public services and budgets.
Key Facts
- Property taxes are the largest revenue source for local governments in the U.S.
- Connecticut's property tax collections account for over 40% of its total state and local tax revenue.
- Property tax revenue supports vital public services like education, infrastructure, and public safety.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total amount of property taxes collected by the state government of Connecticut on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Property tax revenue is a critical component of state and local government budgets, funding vital public services. Tracking these collections provides insight into fiscal conditions and policy impacts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the financial health of state and local governments, as well as the potential impacts of tax policy changes on public revenues and budgets.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau, with a lag of approximately 3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Connecticut (QTAXT01QTAXCAT3CTNO), retrieved from FRED.