State Tax Collections: T01 Property Taxes for Texas
QTAXT01QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This trend measures property tax collections in the state of Texas, a key indicator of state and local government revenue and economic activity.
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 Texas series tracks the quarterly value of property tax revenue collected by the Texas state government. Property taxes are a major source of funding for public services and infrastructure, making this metric important for evaluating the fiscal health of the state.
Methodology
The data is collected directly from the Texas state government's tax revenue reporting.
Historical Context
Policymakers and analysts use this data to assess the economic and budgetary conditions in Texas.
Key Facts
- Texas is the second-largest state by population and GDP.
- Property taxes account for over 40% of Texas state and local government revenue.
- Texas has no state income tax, making property taxes a critical funding source.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly value of property tax revenue collected by the Texas state government, a key indicator of state and local fiscal conditions.
Q: Why is this trend relevant for users or analysts?
A: Property taxes are a major source of funding for public services and infrastructure in Texas, making this metric important for evaluating the economic and budgetary health of the state.
Q: How is this data collected or calculated?
A: The data is collected directly from the Texas state government's tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the fiscal and economic conditions in Texas, informing budgetary decisions and economic policy.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the Texas state government, so there may be a several-month delay in the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T01 Property Taxes for Texas (QTAXT01QTAXCAT3TXNO), retrieved from FRED.