State Tax Collections: T01 Property Taxes for Wyoming
QTAXT01QTAXCAT3WYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.00
Year-over-Year Change
114.89%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks property tax collections in the state of Wyoming. It is an important indicator of state fiscal health and local government funding.
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 Wyoming series measures the total amount of property taxes collected by the state government. This data provides insight into revenue sources, economic activity, and real estate market trends within Wyoming.
Methodology
The data is collected directly from state revenue agencies and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to assess the financial standing of state and local governments in Wyoming.
Key Facts
- Wyoming has no state income tax.
- Property taxes account for over 30% of state tax revenue in Wyoming.
- Tax collections grew by 5.2% in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total amount of property taxes collected by the state government in Wyoming.
Q: Why is this trend relevant for users or analysts?
A: The property tax data provides insights into state and local government finances, economic activity, and real estate market conditions in Wyoming.
Q: How is this data collected or calculated?
A: The data is collected directly from state revenue agencies and compiled 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 financial standing of state and local governments in Wyoming.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Wyoming (QTAXT01QTAXCAT3WYNO), retrieved from FRED.