State Tax Collections: T51 Documentary and Stock Transfer Taxes for Maryland
QTAXT51QTAXCAT3MDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.00
Year-over-Year Change
-44.79%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks documentary and stock transfer tax collections in the state of Maryland. It provides insight into certain commercial and financial transaction activity within the state.
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: T51 Documentary and Stock Transfer Taxes for Maryland series measures tax revenue from documentary stamp taxes and stock transfer taxes levied by the state of Maryland. This data can be used to analyze trends in commercial real estate, securities trading, and other economic activity within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Historical Context
This state-level tax data is relevant for policymakers, market analysts, and researchers studying economic conditions and fiscal policy in Maryland.
Key Facts
- Maryland levies a documentary stamp tax on real estate transfers.
- The state also imposes a tax on stock and securities transactions.
- Tax collections from these sources totaled over $500 million in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend tracks tax revenue collected by the state of Maryland from documentary stamp taxes and stock transfer taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into commercial real estate activity and securities trading within Maryland, which are important indicators of the state's economic health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this data to monitor Maryland's fiscal situation and evaluate the impact of tax policy changes on commercial and financial transactions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Maryland (QTAXT51QTAXCAT3MDNO), retrieved from FRED.