State Tax Collections: T01 Property Taxes for Rhode Island
QTAXT01QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures property tax collections for the state of Rhode Island. It provides insight into a key source of state government revenue and can inform fiscal and budgetary policy decisions.
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 Rhode Island metric tracks the quarterly collections of property taxes by the state government. This data point is important for understanding the fiscal health and revenue sources of Rhode Island's state budget.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
Policymakers and analysts use this trend to assess Rhode Island's reliance on property tax revenue and its implications for the state's fiscal position and budgeting priorities.
Key Facts
- Rhode Island collects over $1 billion in property taxes annually.
- Property taxes account for roughly one-third of Rhode Island's state tax revenue.
- The COVID-19 pandemic impacted property tax collections in Rhode Island in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly collections of property taxes by the state government of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into a key source of state government revenue in Rhode Island, which is important for understanding the state's fiscal health and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Rhode Island's reliance on property tax revenue and its implications for the state's fiscal position and budgeting priorities.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a short delay in the most recent figures being available.
Related Trends
Transportation Carbon Dioxide Emissions, Residential for Rhode Island
EMISSCO2VCLACBRIA
All Employees: Transportation and Warehousing in Rhode Island
SMU44000004340008901A
Coefficient for Residential Carbon Dioxide Emissions, LPG (Fuel Use) for Rhode Island
EMISSCO2CHLRCBRIA
Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Rhode Island
RINDURMANQGSP
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Rhode Island
SMU44000003133600001SA
Utilities Wages and Salaries in Rhode Island
RIWUTI
Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Rhode Island (QTAXT01QTAXCAT3RINO), retrieved from FRED.