State Government Tax Collections, Property Taxes in Connecticut
CTPROPTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1942 - 1/1/2013
Summary
This economic trend measures state government tax collections from property taxes in Connecticut. It provides insight into state and local government revenue sources and financial health.
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 Government Tax Collections, Property Taxes in Connecticut series tracks the total value of property taxes collected by the state government of Connecticut. This metric is an important indicator of state and local fiscal conditions and can inform policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to understand state and local government budgets and revenue sources.
Key Facts
- Connecticut collected $10.8 billion in property taxes in 2021.
- Property taxes account for over 40% of total state tax revenue in Connecticut.
- Property tax collections have grown by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of property taxes collected by the state government of Connecticut. It provides insight into a key revenue source for state and local governments.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding state and local government budgets and fiscal conditions, as well as informing policy decisions around taxation and public finance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess state and local government revenue sources and financial health, which can inform decisions around taxation, spending, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a short lag, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Property Taxes in Connecticut (CTPROPTAX), retrieved from FRED.