State Tax Collections: T01 Property Taxes for Minnesota
QTAXT01QTAXCAT3MNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures property tax collections in the state of Minnesota. It provides important data for policymakers and economists to analyze state and local government finances.
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 Minnesota series tracks the total amount of property taxes collected by the state government. This data is used to understand Minnesota's fiscal health and the tax burden on residents and businesses.
Methodology
The data is collected directly from state government tax collection agencies.
Historical Context
This trend is relevant for analyzing state and local government budgets, as well as the broader economic environment in Minnesota.
Key Facts
- Minnesota collected $9.5 billion in property taxes in 2021.
- Property taxes account for over 40% of total state tax revenue in Minnesota.
- The property tax rate in Minnesota is among the highest 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 Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Minnesota's fiscal health, tax burden, and the broader economic environment in the state.
Q: How is this data collected or calculated?
A: The data is collected directly from state government tax collection agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to evaluate state and local government budgets and the overall tax climate in Minnesota.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 quarter delay by the state government.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Minnesota (QTAXT01QTAXCAT3MNNO), retrieved from FRED.