Quantcast

Show-Me State Times

Friday, November 15, 2024

Lower property tax revenue in Missouri during Q3 2022

Webp v8juyeie9w65rbudpsan6i30ufga

Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Missouri collected $1 million in property taxes during the third quarter of 2022, a 50% decrease from the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2022 was $2 million.

Overall, Missouri collected $4.2 billion in combined tax revenues in the the third quarter of 2022, a decrease from the $5.6 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 2022 Missouri Tax Collections
Type of TaxAmount (millions)
Property Taxes$1
Sales and Gross Receipts Taxes$1,740
Income Taxes$2,316
License Taxes$187
Other Taxes$1
Source: U.S. Census Bureau

MORE NEWS