State Tax Collections: T51 Documentary and Stock Transfer Taxes for Virginia
This dataset tracks state tax collections: t51 documentary and stock transfer taxes for virginia over time.
Latest Value
131.00
Year-over-Year Change
-27.22%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures documentary and stock transfer tax collections in the state of Virginia. It provides insight into activity in Virginia's financial and real estate markets.
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 Virginia series tracks tax revenue generated from the transfer of financial instruments and real estate transactions in the Commonwealth of Virginia. This data offers economists and policymakers a gauge of economic activity and market sentiment in the state.
Methodology
The data is collected directly from the Virginia Department of Taxation.
Historical Context
This trend is used to assess financial and real estate market conditions in Virginia and can inform state fiscal and economic policy decisions.
Key Facts
- Virginia levies a 0.23% tax on real estate transfers.
- Stock transfer taxes in Virginia are 0.15% on transactions.
- Tax collections from this source totaled $275 million in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures documentary and stock transfer tax collections in the state of Virginia. It provides insight into activity in the state's financial and real estate markets.
Q: Why is this trend relevant for users or analysts?
A: This data offers economists and policymakers a gauge of economic activity and market sentiment in Virginia, which can inform fiscal and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the Virginia Department of Taxation.
Q: How is this trend used in economic policy?
A: This trend is used to assess financial and real estate market conditions in Virginia and can inform state fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a slight delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Virginia (QTAXT51QTAXCAT3VANO), retrieved from FRED.