State Tax Collections: T01 Property Taxes for Maryland
QTAXT01QTAXCAT3MDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
260.00
Year-over-Year Change
5100.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks quarterly property tax collections for the state of Maryland. It provides insight into a key revenue source for state and local governments.
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 Maryland series measures the total quarterly property tax revenue collected by the state government of Maryland. This data is an important indicator of the fiscal health and policy environment for Maryland's state and local authorities.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to assess Maryland's tax base, revenue trends, and fiscal capacity.
Key Facts
- Maryland collected over $6 billion in property taxes in 2021.
- Property taxes account for about 30% of Maryland's state and local tax revenue.
- Quarterly property tax collections are highly seasonal, with spikes in Q4.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total quarterly property tax revenue collected by the state government of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key revenue source for Maryland's state and local governments, which is crucial for assessing fiscal conditions and policy.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to evaluate Maryland's tax base, revenue trends, and fiscal capacity.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Maryland (QTAXT01QTAXCAT3MDNO), retrieved from FRED.