Tag Archive for ‘state and local government’

Property Tax 40.3% of State and Local Tax Receipts

From the third quarter of 2013 through the end of the second quarter of 2014, $493 billion in taxes were paid by property owners. This represents a nominal increase over the previous trailing four-quarters. Overall, state and local tax receipts from the third quarter of 2013 through the end of the second quarter of 2014 was $1,223 billion in all four of… Read More ›

Property Taxes Remain Historically High

Property taxes are an important source of revenue for state and local governments to finance government services, particularly education. And despite claims to the contrary, property tax payments continue to provide an outsized share of state and local tax collections. In fact, Census data of state and local government tax collections for the final quarter of 2011 indicate a small… Read More ›