Quantcast

Natural State News

Thursday, November 21, 2024

Higher property tax revenue in Arkansas during Q2 2023

Webp iur31alerpyypg0rey6h0011jv8o

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 $509 million in property taxes during the second quarter of 2023, a 261% increase over the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $141 million.

Overall, Arkansas collected $3.9 billion in combined tax revenues in the the second quarter of 2023, an increase from the $2.9 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 2023 Arkansas Tax Collections
Type of TaxAmount (millions)
Property Taxes$509
Sales and Gross Receipts Taxes$1,729
Income Taxes$1,496
License Taxes$130
Other Taxes$50
Source: U.S. Census Bureau

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS