Quantcast

Maryland State Wire

Thursday, November 7, 2024

Maryland sees more property tax revenue in Q3 2023

Webp as3hysd6knxeow7v4suh8apnftkr

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

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS