State Tax Collections: T01 Property Taxes for the United States
This dataset tracks state tax collections: t01 property taxes for the united states over time.
Latest Value
6111.00
Year-over-Year Change
12.85%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state-level property tax collections in the United States. Property taxes are a key revenue source for state and local governments, making this data important for fiscal policy analysis.
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 the United States series tracks quarterly tax receipts from property taxes at the state level. This metric provides insight into the health of state and local government budgets, as well as broader trends in the real estate market.
Methodology
The data is collected directly from state tax authorities and aggregated by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this data to monitor the fiscal position of state and local governments and assess the broader economic environment.
Key Facts
- Property taxes account for over $500 billion in annual state/local government revenue.
- Property tax collections tend to be cyclical, tied to real estate market conditions.
- The COVID-19 pandemic significantly impacted state and local property tax receipts.
FAQs
Q: What does this economic trend measure?
A: This metric tracks quarterly state-level property tax collections in the United States.
Q: Why is this trend relevant for users or analysts?
A: Property taxes are a critical revenue source for state and local governments, making this data important for fiscal policy and budget analysis.
Q: How is this data collected or calculated?
A: The data is collected directly from state tax authorities and aggregated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the fiscal health of state and local governments and assess broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a short lag. Limitations include coverage only at the state level and potential variability in collection methods across states.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for the United States (QTAXT01QTAXCAT3USNO), retrieved from FRED.