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Wednesday, October 2, 2024

Arkansas’s property tax revenue up 18.6 percent since Q3 2019

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Arkansas collected $121 million in property taxes during the third quarter of 2020, a 18.6 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 third quarter of 2019, $102 million was collected.

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

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
Source: U.S. Census Bureau

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