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Monday, October 7, 2024

Missouri’s property tax revenue down 11.1 percent since Q4 2019

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Missouri collected $8 million in property taxes during the fourth quarter of 2020, a 11.1 percent decrease from the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the fourth quarter of 2019, $9 million was collected.

Overall, Missouri collected $3.2 billion in combined tax revenues in the fourth 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.

Fourth Quarter Missouri Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$8
Sales and Gross Receipts Taxes$1,395
Income Taxes$1,655
Source: U.S. Census Bureau

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