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Maryland State Wire

Sunday, November 17, 2024

Maryland's Q4 2022 property tax revenue down 13% from previous quarter

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $449 million in property taxes during the fourth quarter of 2022, a 13% decrease from the third quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2022 was $516 million.

Overall, Maryland collected $6.2 billion in combined tax revenues in the the fourth quarter of 2022, an increase from the $5.6 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 2022 Maryland Tax Collections
Type of TaxAmount (millions)
Property Taxes$449
Sales and Gross Receipts Taxes$2,686
Income Taxes$2,711
License Taxes$170
Other Taxes$195
Source: U.S. Census Bureau

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