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Sunday, November 24, 2024

Missouri collects $27 million in property tax revenue in Q1

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Missouri collected $27 million in property taxes during the first quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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.

Overall, Missouri collected $3.4 billion in combined tax revenues in the first quarter.

First Quarter Missouri Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$27
Sales and Gross Receipts Taxes$1,438
Income Taxes$1,726
License Taxes$173
Other Taxes$1
Source: U.S. Census Bureau

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