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Property tax revenue down 77.8% from previous quarter in Arkansas

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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 $141 million in property taxes during the first quarter of 2023, a 77.8% decrease from the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2022 was $634 million.

Overall, Arkansas collected $2.9 billion in combined tax revenues in the the first quarter of 2023, a decrease from the $3.4 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.

Q1 2023 Arkansas Tax Collections
Type of TaxAmount (millions)
Property Taxes$141
Sales and Gross Receipts Taxes$1,569
Income Taxes$1,015
License Taxes$99
Other Taxes$53
Source: U.S. Census Bureau

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