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Maryland State Wire

Wednesday, December 25, 2024

Property tax revenue down 96.9% from previous quarter in Maryland

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $5 million in property taxes during the first quarter of 2022, a 96.9% decrease from the fourth quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2021 was $162 million.

Overall, Maryland collected $7.1 billion in combined tax revenues in the the first quarter of 2022, a decrease from the $7.5 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 2022 Maryland Tax Collections
Type of TaxAmount (millions)
Property Taxes$5
Sales and Gross Receipts Taxes$2,902
Income Taxes$3,738
License Taxes$199
Other Taxes$215
Source: U.S. Census Bureau

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