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Maryland State Wire

Tuesday, April 30, 2024

Maryland sees more property tax revenue in Q3 2023

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $1.2 billion in property taxes during the third quarter of 2023, a 257.8% increase over the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2023 was $325 million.

Overall, Maryland collected $6.5 billion in combined tax revenues in the the third quarter of 2023, a decrease from the $9.1 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.

Q3 2023 Maryland Tax Collections
Type of TaxAmount (millions)
Property Taxes$1,163
Sales and Gross Receipts Taxes$2,328
Income Taxes$2,642
License Taxes$232
Other Taxes$124
Source: U.S. Census Bureau

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