State Tax Collections: T01 Property Taxes for Vermont
This dataset tracks state tax collections: t01 property taxes for vermont over time.
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures property tax collections in the state of Vermont. 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 Vermont series tracks the total amount of property taxes collected by the state of Vermont. This metric is an important indicator of the health of the state's real estate market and a key source of funding for public services.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this trend to understand Vermont's fiscal position and economic conditions.
Key Facts
- Vermont relies on property taxes for over 40% of its total tax revenue.
- Property tax collections in Vermont peaked in 2021 at $2.1 billion.
- The state's property tax rate is among the highest in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the state of Vermont. It provides insight into a key revenue source for the state and local governments.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the health of Vermont's real estate market and a key source of funding for public services. Policymakers and analysts monitor this data to understand the state's fiscal position and economic 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 trend to assess Vermont's fiscal position and economic conditions, as property taxes are a major revenue source for the state and local governments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Vermont (QTAXT01QTAXCAT3VTNO), retrieved from FRED.