State Tax Collections: T01 Property Taxes for New Jersey
This dataset tracks state tax collections: t01 property taxes for new jersey 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 in the state of New Jersey. It provides valuable insights into state government revenue and local infrastructure funding.
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 New Jersey series tracks the total amount of property tax revenue collected by the state government. This data is a key indicator of economic activity, real estate market conditions, and the fiscal health of local jurisdictions.
Methodology
The data is collected directly from state tax authorities and compiled by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this trend to evaluate tax policy, public spending, and the overall business climate in New Jersey.
Key Facts
- New Jersey collected over $30 billion in property taxes in 2020.
- Property taxes account for nearly half of state and local tax revenue in New Jersey.
- The state's property tax burden 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 tax revenue collected by the state government of New Jersey.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the fiscal health of local governments, real estate market conditions, and the overall business climate in New Jersey.
Q: How is this data collected or calculated?
A: The data is collected directly from state tax authorities and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate tax policy, public spending, and the overall business climate in New Jersey.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, but it provides a comprehensive view of property tax collections in the state.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for New Jersey (QTAXT01QTAXCAT3NJNO), retrieved from FRED.