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Maryland State Wire

Tuesday, October 15, 2024

Higher property tax revenue in Maryland during Q2

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $335 million in property taxes during the second quarter, a 4,685.7% increase over the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter was $7 million.

Overall, Maryland collected $9.7 billion in combined tax revenues in the second quarter, an increase from the $6.9 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 Maryland Tax Collections
Type of TaxAmount (millions)
Property Taxes$335
Sales and Gross Receipts Taxes$4,317
Income Taxes$4,466
License Taxes$324
Other Taxes$276
Source: U.S. Census Bureau

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