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Wednesday, December 4, 2024

Arkansas collects $402 million in property tax revenue in Q2 2020

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Arkansas collected $402 million in property taxes during the second 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 $2.8 billion in combined tax revenues in the second quarter.

Second Quarter Arkansas Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$402
Sales and Gross Receipts Taxes$1,347
Income Taxes$917
License Taxes$116
Other Taxes$23
Source: U.S. Census Bureau

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