State Tax Collections: T01 Property Taxes for Idaho
QTAXT01QTAXCAT3IDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2013
Summary
This economic trend measures property tax collections in the state of Idaho. It is an important indicator of state and local government revenue and can inform fiscal policy decisions.
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 Idaho series tracks the total amount of property taxes collected by the state government of Idaho. This metric provides insight into the revenue sources and fiscal health of state and local jurisdictions.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state government finances.
Historical Context
Policymakers and economists use this trend to assess the capacity of state and local governments to fund public services and infrastructure.
Key Facts
- Idaho's property tax collections totaled $2.1 billion in 2021.
- Property taxes account for over 40% of Idaho's state and local tax revenue.
- Idaho has the 10th highest property tax burden per capita in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the state government of Idaho. It provides insight into a key revenue source for state and local jurisdictions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the fiscal health and capacity of state and local governments in Idaho to fund public services and infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the revenue sources and fiscal conditions of state and local governments in Idaho, which can inform budgeting, taxation, and spending decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Idaho (QTAXT01QTAXCAT3IDNO), retrieved from FRED.