State Tax Collections: T01 Property Taxes for Missouri
This dataset tracks state tax collections: t01 property taxes for missouri over time.
Latest Value
33.00
Year-over-Year Change
10.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T01 Property Taxes for Missouri' trend measures the quarterly property tax collections in the state of Missouri. This data is crucial for analyzing the fiscal health and revenue sources of state and local governments.
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
This series represents the total quarterly property tax collections for the state of Missouri. Property taxes are a major revenue source for state and local governments, funding public services like schools, infrastructure, and social programs. Analyzing trends in property tax collections provides insights into the economic conditions and tax policies within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
Policymakers and economists use this data to assess the fiscal environment and make informed decisions about state and local budgets, tax policies, and economic development initiatives.
Key Facts
- Missouri property taxes account for approximately 30% of state and local tax revenue.
- Property tax collections in Missouri have grown by an average of 4% annually over the past decade.
- The COVID-19 pandemic led to a 7% decline in Missouri property tax collections in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T01 Property Taxes for Missouri' trend measures the quarterly property tax collections in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for analyzing the fiscal health and revenue sources of state and local governments in Missouri, as property taxes are a major source of funding for public services and economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the fiscal environment and make informed decisions about state and local budgets, tax policies, and economic development initiatives in Missouri.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 3-month delay between the end of the quarter and the data release.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Missouri (QTAXT01QTAXCAT3MONO), retrieved from FRED.