Arkansas collected $138 million in property taxes during the first quarter of 2020, a 14 percent increase over the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
In the first quarter of 2019, $121 million was collected.
Overall, Arkansas collected $2.2 billion in combined tax revenues in the first quarter.
In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
| Type of Tax | Amount (in millions of dollars) |
|---|---|
| Property Taxes | $138 |
| Sales and Gross Receipts Taxes | $1,249 |
| Income Taxes | $724 |
Source: U.S. Census Bureau
