State Government Tax Collections, Property Taxes in the United States
USPROPTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,374,215.00
Year-over-Year Change
101.22%
Date Range
1/1/1902 - 1/1/2024
Summary
This data series tracks state government property tax collections in the United States. It provides insights into an important source of state and local government revenue.
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 Government Tax Collections, Property Taxes series measures the total property tax revenue collected by state governments across the country. This metric is closely watched by economists and policymakers as property taxes are a significant component of state and local budgets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government fiscal activities.
Historical Context
Property tax collections are a key indicator of real estate market conditions and local government financial health.
Key Facts
- Property taxes account for over $500 billion in annual state and local government revenue.
- Property tax collections have grown by over 30% in the past decade.
- The housing market is a major driver of fluctuations in property tax revenue.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total property tax revenue collected by state governments across the United States.
Q: Why is this trend relevant for users or analysts?
A: Property taxes are a major source of funding for state and local governments, so this metric provides insight into government budgets and real estate market conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government fiscal activities.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor property tax collections to assess the financial health of state and local governments, as well as broader real estate market trends.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Property Taxes in the United States (USPROPTAX), retrieved from FRED.