State Tax Collections: T01 Property Taxes for North Carolina
This dataset tracks state tax collections: t01 property taxes for north carolina over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This data series tracks quarterly state tax collections for property taxes in North Carolina. It provides insight into a key revenue source for 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
The 'State Tax Collections: T01 Property Taxes for North Carolina' series measures the total amount of property taxes collected by the state government of North Carolina on a quarterly basis. This metric is an important indicator of economic activity and tax revenue for policymakers and analysts.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Property tax collections are a significant component of state and local government budgets, making this series relevant for fiscal policy analysis.
Key Facts
- North Carolina's property tax collections totaled $6.4 billion in 2021.
- Property taxes account for over 40% of North Carolina's state and local tax revenue.
- Quarterly property tax collections exhibit seasonal patterns due to payment deadlines.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total amount of property taxes collected by the state government of North Carolina on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Property tax collections are a significant component of state and local government budgets, making this metric relevant for fiscal policy analysis and economic interpretation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the fiscal health of state and local governments, as well as broader economic trends affecting the real estate market and consumer spending.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with some potential for lag in the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for North Carolina (QTAXT01QTAXCAT3NCNO), retrieved from FRED.