State government current tax receipts: Taxes on production and imports: Property taxes
W737RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.32
Year-over-Year Change
77.92%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures state government revenue from property taxes, a key component of taxes on production and imports. Property tax data provides insights into state and local government finances.
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
Property taxes levied by state governments are an important source of revenue that fund public services and infrastructure. This data series tracks changes in property tax collections over time, which can reflect broader trends in real estate, development, and economic activity.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis.
Historical Context
Property tax revenue is closely monitored by policymakers, analysts, and investors to assess state and local government budgets and economic conditions.
Key Facts
- Property taxes account for over 30% of state and local tax revenue.
- Property tax collections tend to be stable but can fluctuate with changes in real estate values.
- High property tax burdens can impact business and individual migration patterns.
FAQs
Q: What does this economic trend measure?
A: This data series tracks state government revenue from property taxes, which are a key component of taxes on production and imports.
Q: Why is this trend relevant for users or analysts?
A: Property tax data provides insights into state and local government finances, economic activity, and real estate market conditions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Property tax revenue is closely monitored by policymakers, analysts, and investors to assess state and local government budgets and economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely information on this important revenue source.
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Citation
U.S. Federal Reserve, State government current tax receipts: Taxes on production and imports: Property taxes (W737RC1A027NBEA), retrieved from FRED.