State Tax Collections: Total Taxes for Montana
QTAXTOTALQTAXCAT3MTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,205.00
Year-over-Year Change
18.84%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks total tax collections by the state government of Montana, providing insights into the state's fiscal health and economic conditions.
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: Total Taxes for Montana series measures the total amount of tax revenue collected by the Montana state government from various sources, including sales, income, and property taxes. This metric is used by economists and policymakers to analyze the state's fiscal position, revenue trends, and the broader economic environment.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
This trend is closely monitored by state officials, investors, and economic analysts to assess Montana's economic performance and guide policy decisions.
Key Facts
- Montana's total tax collections have averaged $2.5 billion annually over the past decade.
- Tax revenue growth in Montana has outpaced the national average in recent years.
- Sales and individual income taxes account for over 90% of Montana's total tax collections.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: Total Taxes for Montana series tracks the total amount of tax revenue collected by the Montana state government from various sources, including sales, income, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists, policymakers, and investors to assess Montana's fiscal health, revenue trends, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: State tax revenue data is used by Montana officials to manage budgets, make policy decisions, and respond to changing economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, reflecting the time needed for collection and reporting.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Montana (QTAXTOTALQTAXCAT3MTNO), retrieved from FRED.