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Wednesday, November 6, 2024

Arkansas’s property tax revenue unchanged since Q1 2020

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Arkansas collected $138 million in property taxes during the first quarter of 2021, unchanged from the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the first quarter of 2020, $138 million was collected.

Overall, Arkansas collected $2.4 billion in combined tax revenues in the first 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.

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
Source: U.S. Census Bureau

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