State Tax Collections: T01 Property Taxes for Utah
QTAXT01QTAXCAT3UTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2013
Summary
This trend measures property tax collections in the state of Utah. It provides insight into the fiscal health and revenue sources of 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 Utah series tracks the total amount of property taxes collected by the state government. This metric is an important indicator of local economic conditions and the tax burden on residents and businesses.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Policymakers and analysts use this trend to evaluate the fiscal capacity and policies of Utah state and local governments.
Key Facts
- Utah has the 10th highest property tax collections in the U.S.
- Property taxes account for over 30% of Utah's state and local tax revenue.
- Utah's property tax collections have grown by 4.2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the state government of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and revenue sources of local governments in Utah, which is important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the fiscal capacity and policies of Utah state and local governments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Utah (QTAXT01QTAXCAT3UTNO), retrieved from FRED.