State Tax Collections: T01 Property Taxes for District of Columbia
QTAXT01QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,221.00
Year-over-Year Change
14.86%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures property tax collections for the District of Columbia, providing insights into local government revenue and the regional real estate market.
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 District of Columbia series tracks the quarterly total amount of property taxes collected by the District of Columbia government. This metric is used by economists and policymakers to analyze state and local tax revenue trends and the health of the regional real estate sector.
Methodology
The data is collected directly from the District of Columbia government's tax records.
Historical Context
Property tax collections are a key indicator of economic activity and real estate values that inform policy decisions.
Key Facts
- Property taxes account for over 50% of D.C. government revenue.
- D.C. property tax collections grew by 8.2% in 2021.
- The median D.C. home value is over $600,000 as of 2022.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total amount of property taxes collected quarterly by the District of Columbia government.
Q: Why is this trend relevant for users or analysts?
A: Property tax collections provide insights into the health of the regional real estate market and are a key source of revenue for the D.C. government.
Q: How is this data collected or calculated?
A: The data is collected directly from the District of Columbia government's tax records.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to analyze state and local tax revenue trends and inform decisions around budgeting, real estate, and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for District of Columbia (QTAXT01QTAXCAT3DCNO), retrieved from FRED.