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Wednesday, November 6, 2024

Arkansas collects $138 million in property tax revenue in Q1

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Arkansas collected $138 million in property taxes during the first quarter of 2021, 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 $2.4 billion in combined tax revenues in the first quarter.

First Quarter Arkansas Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$138
Sales and Gross Receipts Taxes$1,328
Income Taxes$830
License Taxes$93
Other Taxes$38
Source: U.S. Census Bureau

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