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Arkansas' Q4 2023 property tax revenue up 455.7% from previous quarter

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Andy Babbitt Arkansas Comptroller at Department of Finance u0026 Administration | Arkansas Department of Finance u0026 Administration

Andy Babbitt Arkansas Comptroller at Department of Finance u0026 Administration | Arkansas Department of Finance u0026 Administration

Arkansas collected $678 million in property taxes during the fourth quarter of 2023, a 455.7% increase over the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2023 was $122 million.

Overall, Arkansas collected $3.3 billion in combined tax revenues in the fourth 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.

Q4 2023 Arkansas Tax Collections
Type of TaxAmount (millions)
Property Taxes$678
Sales and Gross Receipts Taxes$1,634
Income Taxes$856
License Taxes$98
Other Taxes$64
Source: U.S. Census Bureau

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