Natural State News

Arkansas collected $601 million in property taxes during the fourth quarter of 2020, a 1.5 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 fourth quarter of 2019, $592 million was collected.

Overall, Arkansas collected $2.8 billion in combined tax revenues in the fourth 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	$601
Sales and Gross Receipts Taxes	$1,286
Income Taxes	$845

Source: U.S. Census Bureau