State Government Tax Collections, Property Taxes in Pennsylvania
PAPROPTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,073.00
Year-over-Year Change
14.62%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state-level property tax collections in Pennsylvania. It is a key indicator of government revenue and a critical factor in state fiscal policy and budgeting.
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 Pennsylvania series tracks the total amount of property taxes collected by the Pennsylvania state government. Property taxes are a major source of revenue for state and local governments, making this metric important for understanding Pennsylvania's fiscal health and policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to assess Pennsylvania's tax base, revenue streams, and ability to fund public services and programs.
Key Facts
- Pennsylvania collected $15.2 billion in property taxes in 2020.
- Property taxes account for over 30% of Pennsylvania's state tax revenue.
- The property tax collection trend has grown steadily 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 Pennsylvania state government. Property taxes are a major source of revenue for state and local governments.
Q: Why is this trend relevant for users or analysts?
A: This data is critical for understanding Pennsylvania's fiscal health, tax base, and ability to fund public services. It informs policymakers and analysts on revenue streams and budgeting decisions.
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 data to assess Pennsylvania's tax base, revenue streams, and ability to fund public services and programs. It informs fiscal policy and budgeting decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Property Taxes in Pennsylvania (PAPROPTAX), retrieved from FRED.