State Tax Collections: T01 Property Taxes for Massachusetts
This dataset tracks state tax collections: t01 property taxes for massachusetts over time.
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures property tax collections for the state of Massachusetts. It is an important indicator of state government revenue and local 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 State Tax Collections: T01 Property Taxes for Massachusetts series tracks the total amount of property taxes collected by the state government. This metric provides insight into local real estate markets, government budgets, and broader economic trends within the Commonwealth.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess fiscal conditions and forecast state budget changes.
Key Facts
- Massachusetts property tax collections totaled $6.9 billion in 2021.
- Property taxes account for 40% of total state tax revenue in Massachusetts.
- Residential properties make up 75% of the Massachusetts property tax base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the Massachusetts state government on an quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into state government revenue, real estate market conditions, and broader economic trends within Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess fiscal conditions and forecast changes in the Massachusetts state budget.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight lag time between the end of the quarter and the publication of the updated figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Massachusetts (QTAXT01QTAXCAT3MANO), retrieved from FRED.