State Tax Collections: T01 Property Taxes for South Carolina
QTAXT01QTAXCAT3SCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
1200.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks property tax collections in the state of South Carolina, providing important insights into the state's fiscal health and revenue sources.
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 South Carolina series measures the quarterly property tax revenue collected by the state government. This data is a key indicator of the state's economic conditions and is used by policymakers, economists, and financial analysts to assess South Carolina's fiscal position and revenue outlook.
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
Property tax revenue is a major source of funding for state and local governments, making this trend relevant for policy decisions and market analysis.
Key Facts
- South Carolina collected $1.7 billion in property taxes in 2022 Q3.
- Property taxes account for 37% of South Carolina's total state tax revenue.
- Property tax collections have increased by 8.2% in South Carolina over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly property tax revenue collected by the state government of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: Property tax revenue is a key indicator of a state's fiscal health and economic conditions, making this trend important for policymakers, economists, and financial analysts assessing South Carolina's fiscal position and revenue outlook.
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: Property tax revenue is a major source of funding for state and local governments, so this trend is relevant for policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 3-month delay between the end of the quarter and the data release.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for South Carolina (QTAXT01QTAXCAT3SCNO), retrieved from FRED.