State Tax Collections: T01 Property Taxes for South Dakota
QTAXT01QTAXCAT3SDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This trend measures property tax collections in the state of South Dakota. It provides important insights into state and local tax revenues, a key indicator of economic conditions and fiscal policy.
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 South Dakota metric tracks the total value of property taxes collected by the state government. This data series is widely used by economists, policymakers, and analysts to assess the financial health of state and local governments.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Monitoring property tax collections is crucial for understanding state budgets and the broader economic environment.
Key Facts
- South Dakota has no state personal income tax.
- Property taxes account for over 50% of South Dakota's state and local tax revenue.
- South Dakota's property tax collections have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of property taxes collected by the government of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: Property tax collections are a key indicator of state and local government finances, economic activity, and real estate market conditions.
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 and make informed decisions about budgets, taxes, and economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for South Dakota (QTAXT01QTAXCAT3SDNO), retrieved from FRED.