State Tax Collections: T01 Property Taxes for Tennessee
QTAXT01QTAXCAT3TNNO • 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 Tennessee. It provides valuable insights into state government revenue and local economic conditions.
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 Tennessee series tracks the quarterly total amount of property taxes collected by the state government. This data is used by economists and policymakers to analyze revenue sources, assess fiscal health, and evaluate the economic climate at the state level.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Trends in property tax collections can inform state budgeting, economic policy, and real estate market analysis.
Key Facts
- Tennessee collects over $6 billion in property taxes annually.
- Property taxes account for 30% of Tennessee's total state tax revenue.
- Property tax collections have grown by 4% per year on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the state government of Tennessee on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in property tax collections provide insights into state government revenue, local economic conditions, and real estate market dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze state budgets, inform fiscal policy, and assess the overall health of the Tennessee economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Tennessee (QTAXT01QTAXCAT3TNNO), retrieved from FRED.