State Tax Collections: T01 Property Taxes for Nevada
QTAXT01QTAXCAT3NVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
559.00
Year-over-Year Change
53.99%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures quarterly state tax collections for property taxes in Nevada. 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 Nevada series tracks the total amount of property tax revenue collected by the state government on a quarterly basis. This data point is important for analyzing fiscal conditions and policy decisions at the state level.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess Nevada's economic and fiscal health.
Key Facts
- Nevada relies on property taxes for over 30% of its state tax revenue.
- Property tax collections in Nevada have increased by 18% over the past 5 years.
- The COVID-19 pandemic led to a 7% decline in Nevada's property tax revenue in 2020.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total amount of property tax revenue collected by the state government of Nevada on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Property taxes are a major revenue source for state and local governments, so this metric provides insight into Nevada's fiscal health and policy decisions.
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 metric to assess Nevada's economic and fiscal conditions, which informs policy decisions at the state level.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Nevada (QTAXT01QTAXCAT3NVNO), retrieved from FRED.