State Government Tax Collections, Property Taxes in Minnesota
MNPROPTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
731,865.00
Year-over-Year Change
-9.39%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections for property taxes in Minnesota. It is an important indicator of state and local government revenue and economic activity.
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 Minnesota metric tracks the total amount of property taxes collected by the Minnesota state government. This data point provides insight into the state's tax base, fiscal health, and funding for public services.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finance.
Historical Context
Policymakers and economists use this metric to analyze Minnesota's economic and fiscal conditions.
Key Facts
- Minnesota collects over $10 billion in property taxes annually.
- Property taxes account for nearly 40% of Minnesota's state and local tax revenue.
- Minnesota's property tax collections have grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the state government of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Minnesota's tax base, fiscal health, and funding for public services.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government finance.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze Minnesota's economic and fiscal conditions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a 3-month delay.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Property Taxes in Minnesota (MNPROPTAX), retrieved from FRED.