State Tax Collections: T24 Motor Vehicles License for Ohio
QTAXT24QTAXCAT3OHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.00
Year-over-Year Change
15.50%
Date Range
1/1/1994 - 4/1/2025
Summary
The 'State Tax Collections: T24 Motor Vehicles License for Ohio' trend measures tax revenues collected by the state of Ohio on motor vehicle registrations and licenses.
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
This economic indicator provides insight into consumer and business activity related to transportation and vehicle ownership within Ohio. Policymakers and economists use this data to analyze state fiscal conditions and forecast tax revenues.
Methodology
The data is collected directly from Ohio state tax authorities.
Historical Context
Trends in motor vehicle tax collections can reflect broader economic conditions and consumer confidence.
Key Facts
- Ohio collects over $1 billion annually in motor vehicle-related taxes.
- Motor vehicle taxes account for 10% of Ohio's total state tax revenues.
- Ohio's vehicle tax collections have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenues collected by the state of Ohio on motor vehicle registrations, licenses, and other vehicle-related fees.
Q: Why is this trend relevant for users or analysts?
A: Trends in motor vehicle tax collections provide insight into consumer and business activity related to transportation, as well as the overall fiscal health of the state.
Q: How is this data collected or calculated?
A: The data is collected directly from Ohio state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze state fiscal conditions and forecast tax revenues.
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: T24 Motor Vehicles License for Ohio (QTAXT24QTAXCAT3OHNO), retrieved from FRED.