State Tax Collections: T51 Documentary and Stock Transfer Taxes for New York
This dataset tracks state tax collections: t51 documentary and stock transfer taxes for new york over time.
Latest Value
340.00
Year-over-Year Change
-27.35%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the documentary and stock transfer tax collections in the state of New York. It provides insights into the tax revenue generated from real estate transactions and stock market activity in 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 New York trend represents the total tax revenue collected by the state of New York from documentary and stock transfer taxes. This metric is used by economists and policymakers to analyze the health of the state's real estate and financial markets, as well as the overall fiscal position of the government.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its Quarterly Tax Survey.
Historical Context
This trend is relevant for understanding the economic activity and tax revenue generation in New York, which has significant financial and real estate sectors.
Key Facts
- New York collects documentary and stock transfer taxes on real estate transactions and stock trades.
- These taxes accounted for over $3 billion in state revenue in 2021.
- The trend provides insights into the health of New York's real estate and financial sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of New York from documentary and stock transfer taxes, which are levied on real estate transactions and stock market activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic health and fiscal position of the state of New York, as the documentary and stock transfer taxes are important sources of tax revenue that are closely tied to the real estate and financial sectors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its Quarterly Tax Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the strength of New York's real estate and financial markets, as well as the state government's fiscal position and revenue generation.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for New York (QTAXT51QTAXCAT3NYNO), retrieved from FRED.