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Maryland State Wire

Monday, April 29, 2024

Maryland's Q4 2021 property tax revenue down 63.6% from previous quarter

Maryland collected $162 million in property taxes during the fourth quarter of 2021, a 63.6% decrease from the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2021 was $445 million.

Overall, Maryland collected $7.5 billion in combined tax revenues in the the fourth quarter of 2021, an increase from the $4.9 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 2021 Maryland Tax Collections
Type of TaxAmount (millions)
Property Taxes$162
Sales and Gross Receipts Taxes$3,622
Income Taxes$3,199
License Taxes$272
Other Taxes$246
Source: U.S. Census Bureau

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