State Tax Collections: T01 Property Taxes for Arkansas
QTAXT01QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193.00
Year-over-Year Change
21.38%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures property tax collections in the state of Arkansas. It provides valuable insights into state government revenue and the property tax burden faced by Arkansas residents and businesses.
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: T01 Property Taxes for Arkansas series tracks the quarterly property tax revenue collected by the state government. This metric is a key indicator of economic conditions and the tax environment for property owners within Arkansas.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local tax authorities.
Historical Context
Policymakers and analysts use this trend to assess the fiscal health of the Arkansas state government and monitor changes in the property tax burden over time.
Key Facts
- Arkansas property tax collections totaled $1.3 billion in 2021.
- Property taxes account for 27% of total state tax revenue in Arkansas.
- The property tax rate in Arkansas is 0.57% of assessed home value on average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly property tax revenue collected by the state government of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the tax burden on property owners in Arkansas and the fiscal health of the state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state's fiscal environment and monitor changes in the property tax burden over time.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 3-month delay between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Arkansas (QTAXT01QTAXCAT3ARNO), retrieved from FRED.