State Government Tax Collections, Documentary and Stock Transfer Taxes in Virginia
VADOCUTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
530,514.00
Year-over-Year Change
69.47%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures documentary and stock transfer taxes collected by the state government of Virginia. It provides insights into the economic activity and revenue generation in Virginia.
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, Documentary and Stock Transfer Taxes in Virginia metric tracks the revenue generated from taxes levied on the transfer of real estate deeds and stock certificates within the state. This data point is a key indicator of economic growth, real estate market health, and overall business activity in Virginia.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the economic conditions and fiscal health of the state of Virginia.
Key Facts
- Virginia collects documentary and stock transfer taxes at the state level.
- These taxes are levied on the transfer of real estate deeds and stock certificates.
- The revenue from these taxes is an important source of funding for the state government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Virginia from documentary and stock transfer taxes, which are levied on the transfer of real estate deeds and stock certificates.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic activity and real estate market conditions in Virginia, as well as the state government's fiscal health and revenue sources.
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 survey.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess the economic conditions and fiscal health of the state of Virginia, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of several months between the end of the reference period and the publication of the data.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Documentary and Stock Transfer Taxes in Virginia (VADOCUTAX), retrieved from FRED.