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Higher property tax revenue in Arkansas during Q2 2022

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Andy Babbitt Arkansas Comptroller at Department of Finance & Administration | Arkansas Department of Finance & Administration

Andy Babbitt Arkansas Comptroller at Department of Finance & Administration | Arkansas Department of Finance & Administration

Arkansas collected $465 million in property taxes during the second quarter of 2022, a 196.2% increase over the first quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2022 was $157 million.

Overall, Arkansas collected $4.1 billion in combined tax revenues in the the second quarter of 2022, an increase from the $2.7 billion collected in the previous 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.

Q2 2022 Arkansas Tax Collections
Type of TaxAmount (millions)
Property Taxes$465
Sales and Gross Receipts Taxes$1,740
Income Taxes$1,652
License Taxes$135
Other Taxes$63
Source: U.S. Census Bureau

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