State Tax Collections: T01 Property Taxes for West Virginia
QTAXT01QTAXCAT3WVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks quarterly state tax collections from property taxes in West Virginia. It provides 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 West Virginia series measures the total amount of property taxes collected by the state government over a given quarter. This data is a key indicator of local economic conditions and government budgets.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to evaluate West Virginia's tax revenue, public spending, and economic growth.
Key Facts
- West Virginia collected $590 million in property taxes in Q4 2022.
- Property taxes account for 35% of total state tax revenue in West Virginia.
- The state's property tax collections have grown by 7% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of property taxes collected by the state government of West Virginia in a given quarter.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into West Virginia's fiscal health, tax revenue sources, and local economic conditions.
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 trend to evaluate West Virginia's tax revenue, public spending, and economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, 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 West Virginia (QTAXT01QTAXCAT3WVNO), retrieved from FRED.