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Wednesday, October 2, 2024

Arkansas collects $121 million in property tax revenue in Q3 2020

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Arkansas collected $121 million in property taxes during the third quarter of 2020, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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.

Overall, Arkansas collected $2.7 billion in combined tax revenues in the third quarter.

Third Quarter Arkansas Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$121
Sales and Gross Receipts Taxes$1,380
Income Taxes$1,060
License Taxes$103
Other Taxes$56
Source: U.S. Census Bureau

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