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Maryland State Wire

Tuesday, April 30, 2024

Higher property tax revenue in Maryland during Q2 2022

Maryland collected $319 million in property taxes during the second quarter of 2022, a 6,280% increase over the first quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2022 was $5 million.

Overall, Maryland collected $13 billion in combined tax revenues in the the second quarter of 2022, an increase from the $7.1 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 2022 Maryland Tax Collections
Type of TaxAmount (millions)
Property Taxes$319
Sales and Gross Receipts Taxes$4,120
Income Taxes$7,974
License Taxes$309
Other Taxes$304
Source: U.S. Census Bureau

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