State Tax Collections: T01 Property Taxes for Maine
This dataset tracks state tax collections: t01 property taxes for maine over time.
Latest Value
1.00
Year-over-Year Change
-87.50%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks quarterly state tax collections for property taxes in Maine. 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 Maine series measures the total amount of property taxes collected by the state government of Maine on a quarterly basis. This data is used by economists and policymakers to analyze Maine's tax revenue, economic conditions, and fiscal policy.
Methodology
The data is collected directly from the Maine state government's tax collection records.
Historical Context
This trend is relevant for understanding Maine's economic and budgetary conditions, as well as informing tax and spending decisions.
Key Facts
- Maine collects over $1 billion in property taxes annually.
- Property taxes account for nearly 40% of Maine's total state tax revenue.
- Tax collections have grown by 5% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly total amount of property taxes collected by the state government of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Maine's fiscal health, tax revenue sources, and economic conditions, which is relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected directly from the Maine state government's tax collection records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to inform decisions around taxation, spending, and budgeting in the state of Maine.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Maine (QTAXT01QTAXCAT3MENO), retrieved from FRED.