State Government Tax Collections, Property Taxes in Mississippi
MSPROPTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,361.00
Year-over-Year Change
26.60%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Property Taxes in Mississippi' trend measures the total property tax revenue collected by the state government of Mississippi. This metric is an important indicator of the local tax burden and economic 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
This series tracks the total dollar amount of property taxes collected by the Mississippi state government. Property taxes are a major source of revenue for state and local governments, making this data vital for understanding state fiscal conditions and the tax environment for businesses and residents.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Policymakers and analysts use this data to evaluate the tax climate and economic performance in Mississippi.
Key Facts
- Mississippi collected $1.9 billion in property taxes in 2021.
- Property taxes account for 29% of Mississippi's state tax revenue.
- The property tax burden in Mississippi is below the national average.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Property Taxes in Mississippi' metric tracks the total amount of property tax revenue collected by the Mississippi state government.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the tax burden and economic activity in Mississippi, which is useful for policymakers, businesses, and residents.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to evaluate the tax climate and economic performance in Mississippi.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Property Taxes in Mississippi (MSPROPTAX), retrieved from FRED.